China Inflation Rate  1986-2017 | Data | Chart | Calendar | Forecast

China's consumer prices rose 1.4 percent year-on-year in July of 2017, following a 1.5 percent rise in June while market expected a 1.5 percent gain. It was the lowest inflation rate since April, as cost of non-food slowed and cost of food continued to fall. On a monthly basis, consumer prices edged up 0.1 percent, after declining 0.2 percent in a month earlier and slightly below estimates a 0.2 percent rise. Inflation Rate in China averaged 5.34 percent from 1986 until 2017, 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 at 3-Month Low of 1.4% in July


China's consumer prices rose 1.4 percent year-on-year in July of 2017, following a 1.5 percent rise in June while market expected a 1.5 percent gain. It was the lowest inflation rate since April, as cost of non-food slowed and cost of food continued to fall.

In July, the politically sensitive food prices declined by 1.1 percent (from -1.2 percent in the prior month) while non-food cost rose 2.0 percent (from 2.2 percent). Cost of consumer goods went up 0.5 percent (from 0.6 percent) and those of services increased by 2.9 percent (from 3.0 percent). 

Among food, prices fell for: pork (-15.5 percent from -16.7 percent), eggs (-4.9 percent from -9.3 percent) and tobacco (-0.1 percent from -0.2 percent). In contrast, prices rose for: fresh fruits (1.7 percent from 9.9 percent), milk (0.3 percent from 0.1 percent) and fresh vegetables (9.1 percent from 5.8 percent). 

For non-food categories, cost rose at a slower pace for: healthcare (5.5 percent from 5.7 percent) and other goods and services (1.3 percent from 2.8 percent). Inflation was steady for clothing (1.4 percent); household goods and services (1.1 percent); rent, fuel & utilities (2.5 percent) and education, culture & recreation (2.5 percent). On the other hand, cost of transport & communication declined by 0.2 percent (from 0.1 percent).

On a monthly basis, consumer prices edged up 0.1 percent, after declining 0.2 percent in a month earlier and slightly below estimates of a 0.2 percent rise. 

The producer price index increased by 5.5 percent from a year earlier, the same in the preceding two months. The figure was in line with estimates and marking the eleventh straight month of increase in producer prices. Inflation was steady for: means of production (7.3 percent, namely extraction: 15.8 percent, raw materials: 9.3 percent and processing: 5.8 percent); consumer goods (0.5 percent, namely food production: 0.4 percent, clothing: 1.2 percent and daily use goods: 0.6 percent). Meanwhile, prices of consumer durable goods were unchanged, after gaining 0.1 percent in June. On a monthly basis, producer prices rose 0.2 percent and marking the first increase in four months.

Statistics China l Rida Husna | rida@tradingeconomics.com
8/9/2017 5:51:48 AM



Calendar GMT Actual Previous Consensus Forecast (i)
2017-06-09 01:30 AM May 1.5% 1.2% 1.5% 1.1%
2017-07-10 01:30 AM Jun 1.5% 1.5% 1.5% 1.5%
2017-08-09 01:30 AM Jul 1.4% 1.5% 1.5% 1.5%
2017-09-09 01:30 AM Aug 1.4% 1.3%
2017-10-16 01:30 AM Sep 1.4%
2017-11-09 01:30 AM Oct 1.7%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.40 1.50 28.40 -2.20 percent [+]
Inflation Rate Mom 0.10 -0.20 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.40 101.50 128.40 97.80 Index Points [+]
Core Consumer Prices 102.10 102.20 102.50 98.40 Index Points [+]
Core Inflation Rate 2.10 2.20 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 105.50 105.50 113.47 91.80 Index Points [+]
Producer Prices Change 5.50 5.50 13.47 -8.20 percent [+]
Export Prices 106.22 105.44 111.90 90.70 Index Points [+]
Import Prices 106.22 112.44 122.70 79.60 Index Points [+]
Food Inflation -1.10 -1.20 40.20 -5.50 percent [+]


China Inflation Rate Notes

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 August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.40 1.50 28.40 -2.20 1986 - 2017 percent Monthly



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.71 Jul/17
Canada 1.20 Jul/17
China 1.40 Jul/17
Euro Area 1.30 Jul/17
France 0.70 Jul/17
Germany 1.70 Jul/17
India 2.36 Jul/17
Indonesia 3.88 Jul/17
Italy 1.10 Jul/17
Japan 0.40 Jun/17
Mexico 6.44 Jul/17
Netherlands 1.30 Jul/17
Russia 3.90 Jul/17
South Korea 2.20 Jul/17
Spain 1.50 Jul/17
Switzerland 0.30 Jul/17
Turkey 9.79 Jul/17
United Kingdom 2.60 Jul/17
United States 1.70 Jul/17