Is Urban China’s CPI Underreported?

Sun Wenkai

School of Economics, Renmin University of China, Beijing, China.

DOI: 10.4236/chnstd.2013.24024                

Abstract

Many have doubts about statistics, including the consumer price index (CPI) released by Chinese Government. We re-estimate the CPI in urban China from 1997 to 2009, with two widely accepted approaches to treating owner-occupied housing (i.e., user cost approach and consumption cost approach). The results are not considerably different from the NBS statistics, especially for recent years.

Keywords

Consumer Price Index; Owner-Occupied Housing; User Cost Approach; Consumption Cost Approach

Conflicts of Interest

The authors declare no conflicts of interest.

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