China's annual inflation rate accelerated sharply to 1.5% in October 2021 from 0.7% a month earlier, above market consensus of 1.4%. This was the highest figure since September 2020, attributed to a faster rise in cost of non-food and a softer drop in food prices. Non-food prices rose 2.4% after gaining 2.0% in September, with inflation quickening for transportation & communication (7.0% vs 5.8% in September), fuel & utilities (1.7% vs 1.3%), household goods and services (1.5% vs 0.5%), and health (0.6% vs 0.4%); while cost rose further for both clothing ( at 0.5% vs 0.5%), and education, culture (2.9% vs 3.2%). Food prices, meantime, fell the least in 4 months, amid a slower fall in pork prices and a rebound in cost of both fresh vegetables and fresh fruit. Beijing has set a 2021 CPI target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices rose 0.7%, the most in 9 months, due to rising cost, adverse weather, and supply issues in some commodities. source: National Bureau of Statistics of China

Inflation Rate in China averaged 4.95 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 December of 2021.

Inflation Rate in China is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Inflation Rate is projected to trend around 1.80 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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China Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 01:30 AM Sep 0.7% 0.8% 0.9% 0.8%
2021-11-10 01:30 AM Oct 1.5% 0.7% 1.4% 1.2%
2021-12-09 01:30 AM Nov 1.5% 2.5% 2.6%


Related Last Previous Unit Reference
Inflation Rate 1.50 0.70 percent Oct/21
Inflation Rate Mom 0.70 0.00 percent Oct/21
Consumer Price Index CPI 101.30 100.60 points Oct/21
Core Inflation Rate 1.30 1.20 percent Oct/21
Core Consumer Prices 101.30 101.20 points Oct/21
GDP Deflator 698.12 689.46 points Dec/20
Producer Prices 113.10 110.30 points Oct/21
Producer Prices Change 13.50 10.70 percent Oct/21
Food Inflation -2.40 -5.20 percent Oct/21

News Stream
China Inflation Rate Hits 13-Month High
China's annual inflation rate accelerated sharply to 1.5% in October 2021 from 0.7% a month earlier, above market consensus of 1.4%. This was the highest figure since September 2020, attributed to a faster rise in cost of non-food and a softer drop in food prices. Non-food prices rose 2.4% after gaining 2.0% in September, with inflation quickening for transportation & communication (7.0% vs 5.8% in September), fuel & utilities (1.7% vs 1.3%), household goods and services (1.5% vs 0.5%), and health (0.6% vs 0.4%); while cost rose further for both clothing ( at 0.5% vs 0.5%), and education, culture (2.9% vs 3.2%). Food prices, meantime, fell the least in 4 months, amid a slower fall in pork prices and a rebound in cost of both fresh vegetables and fresh fruit. Beijing has set a 2021 CPI target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices rose 0.7%, the most in 9 months, due to rising cost, adverse weather, and supply issues in some commodities.
2021-11-10
China Inflation Rate Slows to 6-Month Low
China's annual inflation rate unexpectedly edged lower to 0.7% in September 2021 from 0.8% a month earlier and compared with market estimates of 0.9%. This was the lowest reading since March, mainly due to a steeper decline in cost of food (-5.2%) with pork prices falling faster (-46.9%). Meantime, prices of non-food were little changed (2% vs 1.9% in August), as cost rose further for transportation & communication (5.8% vs 5.9%), fuel & utilities (1.3% vs 1.1%), household goods and services (0.5% vs 0.6%), and education, culture (3.2% vs 3%); while inflation was flat for both clothing (at 0.5%) and health (at 0.4%). Beijing has set a 2021 CPI growth target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices were flat in September, missing forecasts of a 0.3% gain and after a 0.1% rise in August.
2021-10-14
China Inflation Rate at 5-Month Low
China's annual inflation rate unexpectedly was at 0.8% in August 2021, compared with market consensus and July's figure of 1%. This was the lowest figure in five months, amid a steeper decline in cost of food with pork prices dropping faster. Also, cost of non-food slowed (1.9% vs 2.1% in July), with inflation mainly easing for transportation & communication (5.9% vs 6.9%) while prices rose further for clothing (0.5% vs 0.4%); household goods and services (0.6% vs 0.3%); and education, culture (3% vs 2.7%). Inflation for rent, fuel & utilities (1.1% vs 1.1%) and health (0.4% vs 0.4%) was steady. Beijing has set a 2021 CPI growth target of around 3 percent, compared with 3.5 percent last year. On a monthly basis, consumer prices rose by 0.1% in August, missing forecasts of 0.5% and after a 0.3% rise in July.
2021-09-09

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.