The consumer price index in China unexpectedly dropped by 0.3 percent year-on-year in January 2021, after a 0.2 percent gain a month earlier and compared with market consensus of a flat reading. The decline was mainly due to lower cost of non food, with prices falling for transport (-4.6% vs -3.1%); rent, fuel, and utilities (-0.4% vs -0.6%); clothing (-0.2% vs -0.1%); and other goods and services (-0.9% vs 2.2%). Meantime, prices of household goods and services were flat for the third straight month. Also, education cost was flat after rising 0.9% in December. In addition, prices of health slowed sharply (0.4% vs 1.3%). Meanwhile, food prices went up 1.6%, the most in three months, following a 1.2% gain in December. On a monthly basis, consumer prices rose by 1% in January, shifting from a 0.4% fall in December, due to adverse weather and rising demand ahead of the Lunar New Year holiday. source: National Bureau of Statistics of China
Inflation Rate in China averaged 5.04 percent from 1986 until 2021, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Inflation Rate in China is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 1.90 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.70 percent in 2023, according to our econometric models.