China's annual inflation rate rose to 2.5 percent in June 2020 from a 14-month low of 2.4 percent in the prior month and in line with market expectations. Food inflation accelerated to 11.1 percent from 10.6 percent in May as pork prices continued to rise (81.6 percent vs 81.7 percent). On the other hand, non-food prices slowed (0.3 percent vs 0.4 percent in May), due to healthcare (1.9 percent vs 2.1 percent), education, culture & recreation (1.9 percent vs 2.2 percent), and other goods & services (5.1 percent vs 5.3 percent). Meantime, cost fell for transport (-4.6 percent vs -5.1 percent), rent, fuel, and utilities (-0.6 percent vs -0.5 percent) and clothing (-0.4 percent, the same as in May). On a monthly basis, consumer prices dropped 0.1 percent, after a 0.8 percent decline in May and compared with forecasts of a flat reading.
Inflation Rate in China averaged 5.11 percent from 1986 until 2020, 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 July of 2020. source: National Bureau of Statistics of China
Inflation Rate in China is expected to be 2.10 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 2021, according to our econometric models.