Consumer prices (ConsumerPriceIndex), English abbreviations are CPIs, which reflects the price changes indicators that reflect products and labor prices related to residential life, usually as an important indicator of observing inflation levels.
If the consumer price index is too large, it indicates that inflation has become an economic instability, the central bank will have the risk of tightening monetary policy and fiscal policy, resulting in unclear economic prospects. Therefore, the increase in the overall increase is often not welcomed by the market. For example, in the past 12 months, the consumer price index rose by 2.3%, that means that life costs increased by 2.3% higher than 12 months ago. When the cost of life is improved, your money value will fall. That is, a 100 yuan banknotes received a year ago, only the goods and services worth 97.70 yuan today.
