China Inflation Rate  1986-2018 | Data | Chart | Calendar | Forecast

China's consumer price inflation fell to 2.1 percent year-on-year in March 2018 from a four-and-a-half-year high of 2.9 percent in the previous month and below market consensus of 2.6 percent. Cost increased at a softer pace for both food and non-food products. On a monthly basis, consumer prices declined by 1.1 percent in March, following a 1.2 percent rise in February and way above market expectations of a 0.5 percent fall. It was the first monthly drop since last June. Inflation Rate in China averaged 5.27 percent from 1986 until 2018, 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.

China Inflation Rate
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China Inflation Rate Slows to 2.1% in March


China's consumer price inflation fell to 2.1 percent year-on-year in March 2018 from a four-and-a-half-year high of 2.9 percent in the previous month and below market consensus of 2.6 percent. Cost increased at a softer pace for both food and non-food products.

The politically sensitive food inflation eased to 2.1 percent in March from 4.4 percent in the previous month, as prices increased at a slower rate for fresh vegetables (8.8 percent from 17.7 percent), fresh fruits (7.4 percent from 8.7 percent) and eggs (17.6 percent from 22.5 percent); while those of pork fell further (-12 percent from -7.3 percent). Meanwhile, cost continued to increase for milk (0.7 percent from 0.4 percent) and tobacco (0.1 percent from 0.1 percent).

Cost of non-food products rose at a softer 2.1 percent, following a 2.5 percent advance in February. Prices increased less for: household goods and services (1.6 percent from 1.8 percent); transport and communication (0.3 percent from 1.5 percent); education, culture & recreation (2.2 percent from 3.7 percent); healthcare (5.7 percent from 6 percent) and other goods and services (1.2 percent from 1.7 percent). Meantime, inflation was steady for clothing (at 1.1 percent) and rent, fuel & utilities (at 2.2 percent).

On a monthly basis, consumer prices declined by 1.1 percent in March, following a 1.2 percent rise in February and way above market expectations of a 0.5 percent fall. It was the first monthly drop since last June.

Meanwhile, the producer price index increased by 3.1 percent from a year earlier in March, easing from a 3.7 percent advance in the prior month and missing market expectations of 3.2 percent. It was the lowest producer inflation since October 2016, as cost of means of production rose at a softer pace (4.1 percent from 4.8 percent in February), namely extraction (5 percent from 6.4 percent), raw materials (5.1 percent from 5.9 percent) and processing (3.7 percent from 4.2 percent). Also, consumer goods inflation eased to 0.2 percent in March from 0.3 percent in the previous month, due to a slowdown in daily use goods (0.9 percent from 1.1 percent) and clothing (0.3 percent from 0.5 percent) and a decline in consumer durable goods (-0.3 percent from -0.1 percent). Food production prices were unchanged for the third consecutive month. On a monthly basis, producer prices fell by 0.2 percent in March, following a 0.1 percent drop in February.


Statistics China l Rida Husna | rida@tradingeconomics.com
4/11/2018 10:43:48 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-02-09 01:30 AM Inflation Rate YoY 1.5% 1.8% 1.5% 1.7%
2018-03-09 01:30 AM Inflation Rate YoY 2.9% 1.5% 2.5% 2.6%
2018-04-11 01:30 AM Inflation Rate YoY 2.1% 2.9% 2.6% 2.6%
2018-05-10 01:30 AM Inflation Rate YoY 2.1% 2%
2018-06-09 01:30 AM Inflation Rate YoY 1.9%
2018-07-10 01:30 AM Inflation Rate YoY 2.1%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 2.90 28.40 -2.20 percent [+]
Inflation Rate Mom -1.10 1.20 2.60 -1.80 percent [+]
Consumer Price Index CPI 102.10 102.90 128.40 97.80 Index Points [+]
Core Consumer Prices 102.00 102.50 102.50 98.40 Index Points [+]
Core Inflation Rate 2.00 2.50 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 103.10 103.70 113.47 91.80 Index Points [+]
Producer Prices Change 3.10 3.70 13.47 -8.20 percent [+]
Export Prices 98.08 100.52 111.90 90.70 Index Points [+]
Import Prices 98.61 105.14 122.70 79.60 Index Points [+]
Food Inflation 2.10 4.40 40.20 -5.50 percent [+]


China Inflation Rate

In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 2.90 28.40 -2.20 1986 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


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