What is a Price Point?

Consumer price refers to the amount of money paid by consumers when purchasing goods. Consumer price , ie: Consumer Price Index (should be abbreviated: Consumer Price Index, CPI)

Consumer price

The annual rate of change is usually regarded as an indicator of the degree of inflation or deflation.

Since 2001, China has adopted internationally accepted practices to compile and publish a monthly consumer price fixed-base index based on the 2000 price level as the main indicator of the degree of inflation (or deflation) in China. With the approval of the State Council, the National Bureau of Statistics Urban Reconciliation Corps is responsible for the compilation and related work of the national consumer price index, and organizes, directs, and manages consumer price surveys and statistics in various provinces, regions, and cities.

Commodity and service items compiled by China's price index are determined according to the composition and relevant regulations of the consumption expenditure of nearly 110,000 households in urban and rural areas, including food, tobacco, alcohol and supplies, clothing, household equipment and services, medical care and personal products. , Transportation and communications, entertainment, education and cultural supplies and services, and residence in eight categories, 251 basic classifications, about 700 representative varieties. The consumer price index is calculated based on internationally standardized processes and formulas based on a price survey of nearly 30,000 price points in 550 sample cities and counties across the country.