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China Adjusts CPI Basket Amid Deflationary Pressures

2/13/2026

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Summary

Story summary

The National Bureau of Statistics of China adjusted the CPI basket for the first time in five years, reducing food and housing weights and increasing those for transport, education, and healthcare.
In January, consumer prices rose 0.2% while producer prices fell 1.4%, signaling persistent deflationary pressures.
The People’s Bank of China will maintain flexible monetary policy to support growth and consumption.

History

Historical Context

In 2018, China revised its Consumer Price Index (CPI) methodology, adjusting basket weights to reflect changing consumer priorities, with food and housing accounting for 28% and 15%, respectively. This shift aligns with global trends in CPI adjustments aimed at addressing evolving consumer needs, particularly in healthcare and education, as the People's Bank of China seeks to stimulate growth amid ongoing deflationary pressures.

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Story summary

The National Bureau of Statistics of China adjusted the CPI basket for the first time in five years, reducing food and housing weights and increasing those for transport, education, and healthcare.
In January, consumer prices rose 0.2% while producer prices fell 1.4%, signaling persistent deflationary pressures.
The People’s Bank of China will maintain flexible monetary policy to support growth and consumption.

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