China's unprecedented weak CPI data throughout the first quarter has let some observers that insist gloomy outlook believe that the major risk facing by China in 2015 is deflation. However, ANBOUND suggests that in the context of weak CPI growth, ANBOUND index of urban living pressure that is a result by comparing CPI and property price index increases month-on-month in general. So some of the local governments should pay attention to the signal of rising commodity price, when the property price is keeping unchanged or even declining.