China's National Bureau of Statistics disclosed the latest Consumer Price Index (CPI) and Producer Price Index (PPI) readings recently, according to Ming Pao. The data incorporated a base period recalibration to align with updated statistical standards. According to the announcement, this baseline adjustment carries a modest cumulative effect, contributing approximately 0.06 percentage points to the year-on-year CPI measurement and around 0.08 percentage points to the PPI calculation. Overall, the impact of the index recalibration on both metrics remains relatively limited, suggesting the underlying economic trends remain broadly consistent with prior assessments.
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China's National Bureau of Statistics disclosed the latest Consumer Price Index (CPI) and Producer Price Index (PPI) readings recently, according to Ming Pao. The data incorporated a base period recalibration to align with updated statistical standards. According to the announcement, this baseline adjustment carries a modest cumulative effect, contributing approximately 0.06 percentage points to the year-on-year CPI measurement and around 0.08 percentage points to the PPI calculation. Overall, the impact of the index recalibration on both metrics remains relatively limited, suggesting the underlying economic trends remain broadly consistent with prior assessments.