机构研究报告-Consumer Price Index and inflation rate in China-外文版培训课件

POLITICS

&

SOCIETYConsumerPriceIndexandinflationrateinChinaCHAPTER

01GlobaloverviewEstimatedinflationrateofthemainindustrializedandemergingcountriesin2023(comparedtopreviousyear)Inflationrateofthemainindustrializedandemergingcountries20238%7.31%7%6.03%5.86%6%5%4%3%2%1%0%5.66%5.36%4.59%4.13%3.27%0.23%ChinaUnitedKingdomGermanyRussiaFranceIndiaBrazilUnitedStatesJapan3Description:Thisstatisticshowstheinflationrateofthemainindustrializedandemergingcountriesin2023.In2023,theinflationrateinChinawasestimatedtoamounttoapproximately0.23percentcomparedtothepreviousyear.ReadmoreNote(s):Worldwide;2023;*Estimates.Figureshavebeenrounded.ReadmoreSource(s):IMFInflationrateintheBRICScountriesfrom2000to2029(comparedtothepreviousyear)InflationrateintheBRICScountries2000-2029BrazilChinaIndiaRussiaSouthAfrica25%20%15%10%5%0%-5%4Description:Since2000,ChinahasgenerallyhadthemoststableinflationrateoftheBRICSbloc,withannualchangefluctuatingbetweennegativeoneandsixpercent.Incontrast,Russia'sinflationratesreachedthehighestlevelsinthepasttwodecades,particularlyintheearly2000s,duringthefinancialcrisisof2008,andafter2014whenitseconomywasaffectedbythedropininternationaloilpricesandthesanctionsimposedfortheannexationofCrimea.ReadmoreNote(s):2000to2023;*Estimate.Figureshavebeenrounded.ReadmoreSource(s):IMFMonthlyinflationratesindevelopedandemergingcountriesfromJanuary2021toDecember2024(comparedtothesamemonthofthepreviousyear)Monthlyinflationratesindevelopedandemergingcountries2021-2024UnitedStatesChinaJapanGermanyEuroZoneFranceUnitedKingdomBrazilRussiaIndiaItaly20%15%10%5%0%-5%5Description:Ofthemajordevelopedandemergingeconomies,Chinahadthelowestinflationrateat0.1percentinDecember2024.Ontheotherendofthespectrum,theinflationrateinRussiastoodatnearly10percent.Thecountry'sinflationrateincreasedsharplyafterthecountry'sPresident,VladimirPutin,decidedtoꢀinvadeUkraine,declinedsomewhatin2023,beforeincreasingslowlyagainsince.ꢀTherateofinflationreflectschangesinthecostofaspecifiedbasketcontainingarepresentative[...]

ReadmoreNote(s):Worldwide;January2021toDecember2024Source(s):BrazilianInstituteofGeographyandStatistics;BureauofLaborStatistics;Eurostat;Insee;Istat;LabourBureauIndia;NationalBureauofStatisticsofChina;OfficeforNationalStatistics(UK);RussianFederalStateStatisticsService;StatisticsBureauof[...]InflationrateintheAsia-Pacificregionin2023,withaforecastuntil2025,bycountryorterritoryInflationrateAPAC2023-2025,bycountryorterritory20235.62%9.02%4.56%0.37%2.14%0.23%2.1%2024*3.32%9.73%4.6%2025*3.27%10.7%4.73%1%AustraliaBangladeshBhutanBrunei0.5%CambodiaChina0.66%0.42%1.75%4.37%2.48%2.23%8.64%4.06%22.03%2.12%1.66%2.25%4.1%HongKongIndia5.36%3.71%3.27%14.56%9.28%31.23%IndonesiaJapan2.51%1.99%7.18%3%KazakhstanKiribatiLaos23.74%6Description:In2023,theinflationrateinLaos,measuredastheyear-on-yearpercentagechangeinaverageconsumerprices,exceeded31percent.Incomparison,China'sinflationratewasaround0.23percentin2023.Pakistanisforecastedtoreachaninflationrateofover23.41percentin2024,thehighestintheAsia-Pacificregion.ReadmoreNote(s):Asia,APAC;2023;figuresareyear-on-yearannualpercentagechangesinaverageconsumerprices.;*Forecast

**Datacomesfrompreviousreporting.Forthesecountries,the2023valuesareestimates.

Figureshavebeenrounded.

ReadmoreSource(s):IMFCHAPTER

02InflationrateandConsumerPriceIndex(CPI)InflationrateinChinafrom2014to2024withforecastsuntil2029InflationrateinChina2014-20293.5%2.9%3.0%2.5%2.0%1.5%1.0%0.5%0.0%2.49%2.12%2.05%2.01%2.02%2.01%1.98%1.96%1.93%1.66%1.54%1.52%0.92%20210.23%20230.2%201420152016201720182019202020222024**

2025*2026*2027*2028*2029*8Description:AccordingtolatestfigurespublishedbytheNationalBureauofStatisticsofChina,theaverageannualinflationrateinChinarangedataround0.2percentin2024comparedtothepreviousyear.ThiswaslowerthanformerlyexpectedbytheIMF.For2025,projectionsbytheIMFpublishedinOctober2024expectedtheinflationratetoreacharound1.7percent.ThemonthlyinflationrateinChinadroppedtonegativevaluesinthesecondhalfof2023andremainedcomparativelylowin2024.

ReadmoreNote(s):China;2014to2024;*Estimate.**PreliminaryfigurepublishedbytheNationalBureauofStatisticsofChinainJanuary2025.IMFforecastpublishedinOctober2024was0.42percent.Generally,theIMFandtheNationalBureauof[...]

ReadmoreSource(s):IMF;NationalBureauofStatisticsofChinaMonthlyinflationrateinChinafromDecember2022toDecember2024MonthlyinflationrateinChina2024ComparedtothesamemonthofthepreviousyearComparedtothepreviousmonth2.5%2.0%1.5%1.0%0.5%0.0%-0.5%-1.0%-1.5%Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'23

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'24

Aug

Sep

Oct

Nov

Dec'22

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'24

'24

'24

'24

'24

'249Description:InDecember2024,themonthlyinflationrateinChinarangedat0.1percentcomparedtothesamemonthinthepreviousyear.Inflationhadpeakedat2.8percentinSeptember2022,buteasedrecently.TheannualaverageinflationrateinChinarangedat0.2percentin2024.ReadmoreNote(s):China;December2022toDecember2024Source(s):NationalBureauofStatisticsofChinaAnnualinflationrateinChinain2024,bysectorAnnualinflationrateinChina2024,bysectorYear-on-yearchange-3.0%Otheritemsandservices-2.0%-1.0%0.0%1.0%2.0%3.0%4.0%5.0%3.8%Recreation,education,cultureitemsandservicesClothing1.5%1.4%1.3%HealthcareandmedicalservicesHouseholditemsandservicesOverall0.5%0.2%0.1%ResidenceFood,tobaccoandliquorTransportationandcommunication-0.1%-1.9%10Description:In2024,consumerinflationinChinawascomparativelylowforabroadrangeofproductsandservices.Fallingpricesfortransportationandcommunicationfurtherpusheddownoverallinflation.TheaverageannualconsumerpriceinflationrateinChinarangedatabout0.2percentin2024.ReadmoreNote(s):China;2024Source(s):NationalBureauofStatisticsofChinaMonthlyinflationrateinChinainDecember2024,bysectorMonthlyinflationrateinChinain2024,bysectorYear-on-yearchange-3.0%Otheritemsandservices-2.0%-1.0%0.0%1.0%2.0%3.0%4.0%5.0%4.9%6.0%ClothingHealthcareandmedicalservicesRecreation,education,cultureitemsandservicesOverall1.2%0.9%0.9%0.1%0.1%0%ResidenceFood,tobaccoandliquorHouseholditemsandservicesTransportationandcommunication-0.7%-2.2%11Description:InDecember2024,consumerpricelevelsoffood,tobacco,andliquorinChinaincreasedbyapproximately0.0percentcomparedtothesamemonthofthepreviousyear.Theterm'inflation'describesmoneyandthedecreaseinitsvalue,whichischaracterizedbyanincreaseofthepriceleveloffinishedproducts(consumergoods,capitalgoods).TheConsumerPriceIndextracksprivateconsumptionexpendituretrendsandshowsanincreaseintheindex'scurrentlevelofinflation.

ReadmoreNote(s):China;December2024Source(s):NationalBureauofStatisticsofChinaConsumerPriceIndex(CPI)inChinaasofDecember2024,bysectorandareaConsumerPriceIndex(CPI)inChinabysectorandarea2024SectorTotal100.1104.9101.2100.9100.9100.1100Urban100.1105Rural100OverallOtheritemsandservicesClothing104.6100.8101.2101101.3100.9100.8100.1100Recreation,education,culturearticlesandservicesHealthcareandmedicalservicesResidence99.899.999.298.1Food,tobaccoandliquorHouseholditemsandservicesTransportationandcommunication99.399.397.897.712Description:ThegraphshowstheConsumerPriceIndex(CPI)inChinaasofDecember2024,bysectorandarea.Thatmonth,theCPIfortransportationandcommunicationinurbanareasresidedat97.7indexpoints.

ReadmoreNote(s):China;asofDecember2024;samemonthlastyear=100Source(s):NationalBureauofStatisticsofChinaAnnualConsumerPriceIndex(CPI)inChinain2023,byregionAnnualConsumerPriceIndexinChina2023,byregionCPI(lastyear=100)0%20%40%60%80%100%120%HebeiHeilongjiangInnerMongoliaGansu100.6%100.6%100.6%100.5%100.5%100.4%100.4%100.4%100.4%100.4%100.3%100.3%100.3%QinghaiNingxiaBeijingTianjinJiangsuGuangdongJiangxiZhejiangYunnan13Description:TheConsumerPriceIndex(CPI)variesconsiderablybetweendifferentregionsofChina.In2023,theCPIinHebeiprovincerangedataround100.6percent(previousyear=100),whiletheCPIinChongqingonlyreached99.7percent.

ReadmoreNote(s):China;2023Source(s):NationalBureauofStatisticsofChinaMonthlyConsumerPriceIndex(CPI)inChinainDecember2024,byregionMonthlyConsumerPriceIndex(CPI)inChinabyregion2024CPI(thesamemonthlastyear=100)0%20%40%60%80%100%120%TibetShanxiZhejiangQinghaiJiangxi101.2%101.1%101%101%100.8%100.8%100.8%100.7%100.7%100.6%100.5%100.5%100.5%HenanGansuShaanxiXinjiangHeilongjiangLiaoningJiangsuNingxia14Description:AregionalbreakdownoftheConsumerPriceIndex(CPI)inChinarevealsconsiderablevariationsacrossdifferentregions.InDecember2024,HainanprovincedisplayedaCPIofabout98.4points(samemonthpreviousyear=100),whereastheCPIinTibetreached101.2points.ReadmoreNote(s):China;asofDecember2024Source(s):NationalBureauofStatisticsofChinaCHAPTER

03SelectedconsumerpricesMonthlycoreinflationrateofconsumerpricesinChinafromDecember2021toDecember2024MonthlycoreconsumerinflationinChina2021-2024ComparedtothesamemonthofthepreviousyearComparedtothepreviousmonth1.4%1.2%1.0%0.8%0.6%0.4%0.2%0.0%-0.2%-0.4%-0.6%-0.8%16Description:InDecember2024,thecoreconsumerpriceinflationrateinChina,whichdoesnotincludefoodandfuelprices,increasedby0.4percentcomparedtothesamemonthofthepreviousyear.Onanannualaveragebasis,coreinflationreached0.5percentin2024.Thiswasslightlyhigherthanoverallconsumerpriceinflation,whichrangedatonly0.2percentin2024andwasmainlypusheddownbylowerfuelprices.ReadmoreNote(s):China;December2021toDecember2024Source(s):NationalBureauofStatisticsofChinaMonthlyconsumerpriceinflationrateoffuelsforvehiclesinChinafromDecember2021toDecember2024MonthlyfuelsconsumerpriceinflationinChina2021-202440%30%20%10%0%-10%-20%-30%17/statistics/1446683/china-monthly-inflation-rate-consumer-price-fuelsInDecember2024,consumerpricesforfuelsusedinvehiclesinChinadecreasedby4percentcomparedtothesamemonthofthepreviousyear.Onanannualaveragebasis,fuelpricesdeclinedby0.7percentin2024comparedtothepreviousyear.ReadmoreNote(s):China;

December2021to

December2024Source(s):NationalBureauofStatisticsofChinaMonthlyconsumerpriceinflationrateforfoodproductsinChinafromDecember2021toDecember2024MonthlyfoodconsumerpriceinflationinChina2021-202410%8%6%4%2%0%-2%-4%-6%-8%Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec'21

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'24

'24

'24

'24

'24

'24

'2418Description:InDecember2024,consumerpricesforfoodproductsinChinadecreasedby0.5percentcomparedtothesamemonthofthepreviousyear.Onanannualaveragebasis,foodinflationreached-0.6percentin2024.Thiswaslowerthanoverallconsumerpriceinflation,whichrangedat0.2percentin2024.ReadmoreNote(s):China;December2021toDecember2024Source(s):NationalBureauofStatisticsofChinaConsumerpriceindexforrentsofresidentialhousinginChinafrom2016to2024HousingrentsconsumerpriceindexinChina2016-2024103.5%102.9%103.0%102.5%102.0%101.5%101.0%100.5%100.0%99.5%102.8%102.5%101.8%100.4%99.8%202399.8%202499.7%202299.4%202099.0%2016201720182019202119Description:In2024,theconsumerpriceindexforrentsofresidentialhousinginChinarangedat99.8percentcomparedtothepreviousyear(previousyear=100).Since2019,annualaveragepricesforapartmentrentsinChinahavedecreasedslightlymostoftheyears.ReadmoreNote(s):China;2016to2024Source(s):NationalBureauofStatisticsofChinaConsumerpriceindexforhouseholdappliancesinChinafrom2016to2024HomeappliancesconsumerpriceindexinChina2016-2024102.0%101.5%101.4%101.0%100.8%100.5%100.4%100.5%100.0%99.5%99.0%98.5%98.0%97.5%99.4%98.9%202398.8%201698.4%202498.2%20202017201820192021202220Description:In2024,theconsumerpriceindexforhouseholdappliancesinChinarangedat98.4percentcomparedtothepreviousyear(previousyear=100).TheinflationinhomeappliancepriceshasbeenbelowtheaverageconsumerpriceinflationinChinainrecentyears.ReadmoreNote(s):China;2016to2024Source(s):NationalBureauofStatisticsofChinaConsumerpriceindexforfurnitureandinteriordecorationsinChinafrom2016to2023FurnitureconsumerpriceindexinChina2016-2023102.5%102.3%102%102.0%101.5%101%100.9%100.9%101.0%100.7%100.5%100.0%99.5%100.2%202399.9%202020162017201820192021202221/statistics/1446790/china-inflation-rate-consumer-price-index-furnitureIn2023,theconsumerpriceindexforfurnitureinChinarangedat100.2percentcomparedtothepreviousyear(previousyear=100).TheinflationinfurniturepriceshasbeenmostlybelowtheaverageconsumerpriceinflationinChinainrecentyears.ReadmoreNote(s):China;2016to2023Source(s):NationalBureauofStatisticsofChinaConsumerpriceindexfortouringandoutinginChinafrom2016to2024TourismconsumerpriceindexinChina2016-2024110.0%109%108.0%106.0%103.6%104.0%102.0%100.0%103.5%103.3%103.2%102%2016101.8%2019101.4%2021101.1%20202017201820222023202422Description:In2024,theconsumerpriceindexfortourismandoutinginChinarangedat103.5percentcomparedtothepreviousyear(previousyear=100).Afterthreeyearsoflowerpriceincreasesduringthecoronaviruspandemic,inflationinthetourismsectorincreasedagainsince2022.ReadmoreNote(s):China;2016to2024Source(s):NationalBureauofStatisticsofChinaCHAPTER

04ProducerPriceIndex(PPI)ProducerPriceIndex(PPI)fortheindustrialsectorinChinafromDecember2022toDecember2024ProducerPriceIndexfortheindustrialsectorinChina2024ComparedtothesamemonthofthepreviousyearComparedtothepreviousmonth0.2%1.0%0.0%0.4%0.2%-3%0.1%0%

0%0%-0.1%-0.1%-2.9%-0.1%-2.3%-0.2%-0.2%

-0.2%-0.2%-0.2%

-0.2%-0.3%

-0.3%-0.4%-0.8%-0.5%-0.7%-0.5%-3.6%-0.6%-2.8%-0.7%-1.8%-0.8%-0.8%

-0.8%-0.9%-4.6%-1.0%-2.0%-3.0%-4.0%-5.0%-6.0%-1.4%-2.5%-1.4%-2.5%-2.5%-2.5%-2.5%-2.6%-2.7%-2.7%-2.8%-3%-4.4%-5.4%Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'23

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul'24

Aug

Sep

Oct

Nov

Dec'22

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'24

'24

'24

'24

'24

'2424Description:InDecember2024,theProducerPriceIndex(PPI)fortheindustrialsectorinChinadecreasedby2.3percentcomparedwiththesamemonthofthepreviousyear.AnnualaverageproducerpricesofChina'sindustrialsectordecreasedby2.2percentin2024.ReadmoreNote(s):China;December2022toDecember2024Source(s):NationalBureauofStatisticsofChinaExfactoryProducerPriceIndex(PPI)fortheindustrialsectorinChinain2024,byproductExfactoryproducerpricesfortheindustrialsectorinChina2024,byproductYear-on-yearchange-2.0%-3.5%ProducerPriceIndex-3.0%-2.5%-1.5%-1.0%-0.5%0.0%-2.2%Livingprovisions#Food-1.1%-1.1%#Clothing-0.1%#Productsfordailyuse#DurableconsumergoodsProductionsupply#Miningandquarrying#Rawmaterials0%-2.2%-2.5%-2.9%-2.9%-1.7%#Industrialprocessing25Description:ThegraphshowsthePPIchangefortheindustrialsectorin2024,byproductionfactor.In2024,thepricesforproductionsuppliesdecreasedby2.5percent,havingastrongeffectonfallingproducerprices.

ReadmoreNote(s):China;2024Source(s):NationalBureauofStatisticsofChinaProducerPriceIndex(PPI)ofagriculturalproductsinChinafrom4thquarter2019to4thquarter2024ProducerPriceIndexofagriculturalproductsinChinaQ42019-Q42024145139135128.512511510595121.1114.8108.2107.8105.7102.4101.9101.2Q1100.5Q4100.1Q299.3Q299.6Q297.1Q296.2Q396.1Q194.4Q49493.3Q19285Q4Q1Q2Q3Q4Q1Q3Q3Q4Q4Q32019

2020

2020

2020

2020

2021

2021

2021

2021

2022

2022

2022

2022

2023

2023

2023

2023

2024

2024

2024

202426Description:Inthefourthquarterof2024,theProducerPriceIndex(PPI)ofagriculturalproductsinChinarangedat100.5indexpoints(samequarterofpreviousyear=100).Afteraconsiderablepricedecreasebetweenthefirstquarterof2020andthethirdquarterof2021,inflationpickedupinthesecondandthirdquarterof2022,mainlydrivenbyrisingporkprices,butalsosupportedbyapriceincreaseoffarmcrops.During2023,agriculturalpricesdecreasedagain.

ReadmoreNote(s):China;Q42019toQ42024Source(s):NationalBureauofStatisticsofChinaProducerPriceIndex(PPI)forfarmcropsinChinafrom4thquarter2021to4thquarter2024ProducerPriceIndexforfarmcropsinChinaQ42021-Q42024113110.311110910710510310199107.2105.8103.8102.3100.599.198.998.998.998.697.696.79795Q42021Q12022Q22022Q32022Q42022Q12023Q22023Q32023Q42023Q12024Q22024Q32024Q4202427Description:ThegraphshowstheProducerPriceIndex(PPI)forfarmcropsinChinafromthefourthquarterof2021tothefourthquarterof2024.Duringthefourthquarterof2024,thePPIforfarmcropsrangedat98.6indexpoints(samequarterofpreviousyear=100).ReadmoreNote(s):China;Q42021toQ42024Source(s):NationalBureauofStatisticsofChinaProducerPriceIndex(PPI)forlivestockproductsinChinafrom4thquarter2021to4thquarter2024ProducerPriceIndexforlivestockinChinaQ42021-Q42024135125125.2115.4115104.7104.1103.51059896.993.29588.988.38579.97574.77565Q42021Q12022Q22022Q32022Q42022Q12023Q22023Q32023Q42023Q12024Q22024Q32024Q4202428Description:ThegraphshowstheProducerPriceIndexforlivestockproductsinChinafromthefourthquarterof2021tothefourthquarterof2024.Inthefourthquarterof2024,thePPIforlivestockrangedataround104.1indexpoints.

ReadmoreNote(s):China;Q42021toQ42024Source(s):NationalBureauofStatisticsofChinaProducerPriceIndex(PPI)forforestryproductsinChinafrom4thquarter2021to4thquarter2024ProducerPriceIndexforforestryproductsinChinaQ42021-Q42024106.0104.5103.8103.6104.0102.6102.0100.8101.2100.8100.09998.096.094.096.896.496.396.195.3Q42021Q12022Q22022Q32022Q42022Q12023Q22023Q32023Q42023Q12024Q22024Q32024Q4202429/statistics/275833/producer-price-index-for-forestry-products-in-chinaThisstatisticshowstheforestryproductproducerpriceindexinChinafromthefourthquarterof2021tothefourthquarterof2024.Duringthefourthquarterof2024,theindexrangedataround104.5points(samequarterofpreviousyear=100).

ReadmoreNote(s):China;Q42021toQ42024Source(s):NationalBureauofStatisticsofChinaProducerPriceIndex(PPI)forfisheryinChinafrom4thquarter2021to4thquarter2024ProducerPriceIndexforfisheryinChinaQ42021-Q42024108106.3106104102.510210098101100.9100.5100.499.999.599.497.997.897.59696949290Q42021Q12022Q22022Q32022Q42022Q12023Q22023Q32023Q42023Q12024Q22024Q32024Q4202430Description:ThisgraphshowsthefisheryproducerpriceindexinChinafromthefourthquarterof2021tothefourthquarterof2024.Duringthefourthquarterof2024,theindexrangedataround99.9points(samequarterofpreviousyear=100).

ReadmoreNote(s):China;Q42021toQ42024Source(s):NationalBureauofStatisticsofChinaCHAPTER

05HouseholdconsumptionandexpenditureFinalconsumptionasashareofthegrossdomesticproduct(GDP)inChinafrom1980to2023TotalconsumptionasashareofGDPinChina1980-202370%65%60%55%50%45%32Description:In2023,finalconsumptionoftheeconomyinChinaaccountedforabout55.7percentofthegrossdomesticproduct(GDP).TheshareoffinalconsumptioninthetotalGDPofChinaisexpectedtoincreasegraduallyintheupcomingyears.

ReadmoreNote(s):China;1980to2023Source(s):NationalBureauofStatisticsofChinaConsumerConfidenceIndexinChinafromNovember2019toNovember2024(100=neutral)ConsumerconfidenceinChina2019-202413012512011511010510095908580Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov

Jan

Mar

May

Jul

Sep

Nov'19

'20

'20

'20

'20

'20

'20

'21

'21

'21

'21

'21

'21

'22

'22

'22

'22

'22

'22

'23

'23

'23

'23

'23

'23

'24

'24

'24

'24

'24

'2433/statistics/271697/consumer-confidence-in-chinaInNovember2024,theindexforconsumerconfidenceinChinarangedat86.2points,downfrom86.9pointsinthepreviousmonth.Theindexdroppedconsiderablyinthefirsthalfof2022andperformedasidewaysmovementduring2023and2024.ReadmoreNote(s):China;November2019toNovember2024Source(s):E;NationalBureauofStatisticsofChinaAverageannualpercapitadisposableincomeofurbanandruralhouseholdsinChinafrom1990to2024(inyuan)PercapitadisposableincomeinurbanandruralChina1990-2024UrbanhouseholdsRuralhouseholds60,00050,00040,00030,00020,00010,00001990200020102011201220132014201520162017201820192020202120222023202434Description:In2024,theaverageannualpercapitadisposableincomeofruralhouseholdsinChinawasapproximately23,119yuan,roughly43percentoftheincomeofurbanhouseholds.AlthoughlivingstandardsinChina’sruralareashaveimprovedsignificantlyoverthepast20years,theincomegapbetweenruralandurbanhouseholdsisstilllarge.ReadmoreNote(s):China;1990to2024Source(s):NationalBureauofStatisticsofChinaAverageannualpercapitaconsumptionexpenditureofurbanandruralhouseholdsinChinafrom1990to2024(inyuan)PercapitaconsumerspendinginurbanandruralChina1990-2024UrbanhouseholdsRuralhouseholds40,00035,00030,00025,00020,00015,00010,0005,0000199020002010201520162017201820192020202120222023202435/statistics/1206636/per-capita-household-member-consumption-in-urban-rural-chinaIn2024,theaverageannualpercapitaconsumptionexpenditureofurbanhouseholdsinChinaamountedtoaround34,600yuan.Theconsumptionexpenditureofruralhouseholdsreachedmorethanhalfoftheamountoftheirurbancounterparts.

ReadmoreNote(s):China;1990to2024Source(s):NationalBureauofStatisticsofChinaAverageannualpercapitaconsumerexpenditureofurbanandruralhouseholdsinChinain2023,byregion(inyuan)UrbanandruralhouseholdconsumerexpenditureinChina2023,byregionPercapitaconsumerexpenditureinyuanRuralhouseholds20,000Urbanhouseholds010,00030,00040,00050,00060,00030,782ShanghaiBeijingZhejiang54,91926,27750,89730,46847,76225,029JiangsuGuangdongFujian40,46139,33337,67437,58622,20921,74621,553Tianjin18,17518,65017,964NationalaverageInnerMongoliaChongqingHubei32,99432,24931,53120,92219,21031,50031,035Hunan36Description:ThisstatisticdepictstheaverageannualpercapitaconsumerexpenditureofurbanandruralhouseholdsinChinain2023,byregion.In2023,theaveragepercapitaconsumerexpenditureinruralareasofFujianprovinceinChinarangedataround21,700yuan.ReadmoreNote(s):China;2023Source(s):NationalBureauofStatisticsofChinaAnnualpercapitaconsumptionexpenditureofurbanandruralhouseholdsinChinain2024,byuse(inyuan)PercapitaconsumptioninurbanandruralChina2024,byusePercapitaconsumptioninyuanRuralhouseholdsUrbanhouseholds01,0002,0003,0004,0005,0006,