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

China's consumer prices rose 1.8 percent year-on-year in August of 2017, following a 1.4 percent rise in July while market expected a 1.6 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell much less than in a month earlier. On a monthly basis, consumer prices rose 0.4 percent, after gaining 0.1 percent in a month earlier and slightly above estimates a 0.3 percent rise. It was also the highest monthly figure since January. Inflation Rate in China averaged 5.33 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 7-Month High of 1.8% in August


China's consumer prices rose 1.8 percent year-on-year in August of 2017, following a 1.4 percent rise in July while market expected a 1.6 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell much less than in a month earlier.

In August, the politically sensitive food prices declined by 0.2 percent (from -1.1 percent in the prior month) while non-food cost rose 2.3 percent (from 2.0 percent). Cost of consumer goods went up 1.0 percent (from 0.5 percent) and those of services increased by 3.1 percent (from 2.9 percent). 

Among food, prices decreased for: pork (-13.5 percent from -15.5 percent) and and tobacco (-0.1 percent from -0.2 percent).  In contrast, prices rose for: eggs (4.3 percent from -4.9 percent), milk (0.4 percent from 0.3 percent) and fresh vegetables (9.7 percent from 9.1 percent). Cost was flat for fresh fruits (from 1.7 percent), 

For non-food categories, upward prices presssure came from most categories: rent, fuel & utilities (2.7 percent from 2.5 percent); clothing  (1.3 percent from 1.4 percent; household goods and services (1.3 percent from 1.1 percent); education, culture & recreation (2.5 percent); healthcare (5.9 percent from 5.5 percent) and other goods and services (1.4 percent from 1.3 percent). In addition, cost of transport and communication rebounded (0.7 percent from -0.2 percent).

On a monthly basis, consumer prices rose 0.4 percent, after gaining 0.1 percent in a month earlier and slightly above estimates a 0.3 percent rise. It was also the highest monthly figure since January.

The producer price index increased by 6.3 percent from a year earlier, compared to a 5.5 percent rise in the previous three months and above estimates of a 5.6 percent gain. It was the twelfth straight month of increase in producer inflation and the highest since April. Prices increased more than in a month earlier for means of production (8.3 percent from 7.3 percent, namely extraction: 18.2 percent, raw materials: 11.0 percent and processing: 6.4 percent). Also, cost of consumer goods went up slightly faster (0.6 percent from 0.5 percent, namely food production: 0.7 percent, clothing: 1.4 percent and daily use goods: 0.8 percent). Meanwhile, prices of consumer durable goods were unchanged, the same as in July. On a monthly basis, producer prices rose 0.9 percent and marking the second consecutive month of rise.

Statistics China l Rida Husna | rida@tradingeconomics.com
9/10/2017 5:36:35 AM


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Calendar GMT Actual Previous Consensus TEForecast
2017-07-10 01:30 AM Inflation Rate YoY 1.5% 1.5% 1.5% 1.5%
2017-08-09 01:30 AM Inflation Rate YoY 1.4% 1.5% 1.5% 1.5%
2017-09-09 01:30 AM Inflation Rate YoY 1.8% 1.4% 1.6% 1.5%
2017-10-16 01:30 AM Inflation Rate YoY 1.8% 1.4%
2017-11-09 01:30 AM Inflation Rate YoY 1.7%
2017-12-09 01:30 AM Inflation Rate YoY 1.9%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 1.40 28.40 -2.20 percent [+]
Inflation Rate Mom 0.40 0.10 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.80 101.40 128.40 97.80 Index Points [+]
Core Consumer Prices 102.20 102.10 102.50 98.40 Index Points [+]
Core Inflation Rate 2.20 2.10 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 106.30 105.50 113.47 91.80 Index Points [+]
Producer Prices Change 6.30 5.50 13.47 -8.20 percent [+]
Export Prices 103.99 106.22 111.90 90.70 Index Points [+]
Import Prices 106.72 106.22 122.70 79.60 Index Points [+]
Food Inflation -0.20 -1.10 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.40 28.40 -2.20 1986 - 2017 percent Monthly



inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17