TOTAL VOLUME:
$124b
24H VOL:
$82,345,145
24H TRANSACTIONS:
2,121,338,658
OPEN INTEREST:
$1,285,568,173
364,467
Markets across
33,191
events
MATCHED EVENTS:
3,073
PLATFORM COVERAGE:
5
Polymarket:
41%
VS.
Kalshi:
59%
$
These markets ask forecasters to predict the annual inflation rate in China as measured by the Consumer Price Index (CPI) as of September 2026. The markets cover a range of potential inflation outcomes, from below 0.5% to over 5.0%.
This is a market about the variation of consumer prices in China over a 12-month period ending September 2026 as reported by the National Bureau of Statistics (NBS) of China. This market will resolve according to the number the Consumer Price Index (CPI) increased by during the 12-month period ending September 2026 (% change from the same month in the previous year) according to the monthly NBS report. The resolution source for this market will be the NBS Consumer Price Index monthly report released for September 2026 (https://www.stats.gov.cn/english/PressRelease/), currently scheduled to be released in October 2026. Resolution of this market will take place upon release of the aforementioned data. If no data for the specified month is released by the date the next month's data is scheduled to be released, this market will resolve based on data from the last available month. You can find the relevant figure by locating the report for September 2026 on the Press Releases page (see: https://www.stats.gov.cn/english/PressRelease/), locating the table named "Consumer Price Index in September 2026", and finding the consumer price index figure in the column labeled "Growth Rate Y/Y (%)". Note: the resolution source for this market will be the official monthly NBS CPI news release which reports inflation during 12-month periods to only one decimal point (e.g. 1.9%). Thus, this is the level of precision that will be used when resolving the market. For the full release schedule, see: https://www.stats.gov.cn/english/PressRelease/ReleaseCalendar/
Resolution is determined by the year-over-year Consumer Price Index for all items in September 2026, as reported by the Bureau of Labor Statistics to one decimal place. Each outcome resolves to Yes if the CPI increase exceeds its specified threshold. In the event of a federal government shutdown delaying data release, the market's expiration date will be extended to the sooner of the data release or six months after the shutdown ends.
Prediction market odds often provide a different perspective than traditional analyst forecasts. While analysts rely on economic models and published reports, this market aggregates the wisdom of the crowd, reflecting real-time sentiment and incorporating a wider range of information. Discrepancies can arise due to differing methodologies, biases, or access to information. Currently, the implied probability in this market may differ from the consensus estimates published by major financial institutions, offering a valuable point of comparison for those following China’s economic outlook. Examining these differences can reveal unique insights.
Polymarket and Kalshi can show different implied probabilities for the same outcome because of liquidity, fee structure, participant mix, and how each venue defines the contract. Prices on Polymarket and Kalshi can diverge due to several factors. Each platform attracts a different user base with varying risk appetites and information sets. Trading volume also plays a role; higher volume generally leads to tighter spreads and more efficient price discovery. Additionally, the specific market structures and fee schedules on each platform can influence trading behavior. The differing leading outcomes—Will China’s CPI increase by between 0.9% and 1.0% over the 12 month period ending in September 2026? on Polymarket and Will the rate of CPI inflation be above 3.0% for the year ending in September 2026? on Kalshi—highlight these nuanced differences in market perception.
This market resolves around Oct 14, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. The resolution will be based on the official annual CPI inflation rate for China as released by the National Bureau of Statistics of China, covering the 12-month period ending in September 2026. Traders will be able to see the verified result and the corresponding payout structure following the official data release. The current volume is $1,159.
Several key events could significantly impact this market. Major shifts in Chinese economic policy, such as changes to monetary or fiscal stimulus, would be closely watched. Unexpected fluctuations in global commodity prices, particularly oil and food, could also influence inflation expectations. Geopolitical events impacting China’s trade relationships or supply chains could also create volatility. Furthermore, any surprising data releases regarding Chinese economic growth, employment, or manufacturing activity could prompt traders to reassess their positions and move the price of this market.