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

China's consumer price inflation rose to a six-month high of 2.3 percent year-on-year in August of 2018 from 2.1 percent in the previous month and slightly above market consensus of 2.2 percent. The increase was driven by higher prices of food; clothing; rent, fuel & utilities; and education, culture & recreation. Still, inflation remained well below the Chinese government’s target of around 3 percent for 2018. Inflation Rate in China averaged 5.22 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 Rises to 6-Month High in August


China's consumer price inflation rose to a six-month high of 2.3 percent year-on-year in August of 2018 from 2.1 percent in the previous month and slightly above market consensus of 2.2 percent. The increase was driven by higher prices of food; clothing; rent, fuel & utilities; and education, culture & recreation.

Still, inflation remained well below the Chinese government’s target of around 3 percent for 2018. 

The politically sensitive food inflation picked up to a five-month high of 1.7 percent in August from 0.5 percent in the prior month, as prices rose at a faster pace for both fresh fruits (5.5 percent vs 0.4 percent in July) and fresh vegetables (4.3 percent vs 3.8 percent). In addition, cost of eggs continued to increase firmly (10.2 percent vs 11.7 percent), as well as poultry prices (5.5 percent vs 6.6 percent); while pork price deflation eased further (-4.9 percent vs -9.6 percent) despite concerns on a series of African swine fever outbreaks. Edible oil costs also dropped (-0.6 percent vs -0.7 percent).

Additional upward pressure came from: clothing (1.3 percent vs 1.2 percent); rent, fuel & utilities (2.5 percent vs 2.4 percent); and education, culture & recreation (2.6 percent vs 2.3 percent). Meanwhile, inflation was unchanged for both household goods & services (at 1.6 percent) and other goods & services (at 1.2 percent), but eased for transport & communication (2.7 percent vs 3 percent) and healthcare (4.3 percent vs 4.6 percent). 

Annual core inflation, which excludes volatile items such as food and energy, picked up  to 2 percent in August from 1.9 percent in the previous month.

On a monthly basis, consumer prices went up 0.7 percent in August, following a 0.3 percent rise in July and beating market expectations of 0.5 percent. It was the highest monthly rate since February.

Meanwhile, the producer price index increased by 4.1 percent from a year earlier in August, after a 4.6 percent rise in the previous month and compared to market expectations of 4 percent. Prices of means of production went up 5.2 percent (vs 6 percent in July), namely extraction (12.1 percent vs 13.4 percent), raw materials (7.8 percent vs 9 percent) and processing (3.5 percent vs 4.1 percent). Meanwhile, consumer goods inflation edged up to 0.7 percent from 0.6 percent, led by clothing (1.1 percent vs 0.7 percent), daily use goods (1.2 percent vs 1.1 percent) and consumer durable goods (0.2 percent vs -0.2 percent) while inflation was unchanged for food production (at 0.7 percent). On a monthly basis, producer prices went up 0.4 percent.


National Bureau of Statistics of China | Rida | rida@tradingeconomics.com
9/10/2018 9:46:17 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-07-10 01:30 AM Inflation Rate YoY 1.9% 1.8% 1.9% 2%
2018-08-09 01:30 AM Inflation Rate YoY 2.1% 1.9% 1.9% 2.1%
2018-09-10 01:30 AM Inflation Rate YoY 2.3% 2.1% 2.2% 2.2%
2018-10-16 01:30 AM Inflation Rate YoY 2.3% 2%
2018-11-09 01:30 AM Inflation Rate YoY 2.2%
2018-12-09 01:30 AM Inflation Rate YoY 2.3%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.10 28.40 -2.20 percent [+]
Inflation Rate Mom 0.70 0.30 2.60 -1.80 percent [+]
Consumer Price Index CPI 102.30 102.10 128.40 97.80 Index Points [+]
Core Consumer Prices 102.00 101.90 102.50 98.40 Index Points [+]
Core Inflation Rate 2.00 1.90 2.50 -1.60 percent [+]
GDP Deflator 630.75 625.72 630.75 100.78 Index Points [+]
Producer Prices 104.10 104.60 113.47 91.80 Index Points [+]
Producer Prices Change 4.10 4.60 13.47 -8.20 percent [+]
Export Prices 101.00 100.40 111.90 90.70 Index Points [+]
Import Prices 106.90 104.40 122.70 79.60 Index Points [+]
Food Inflation 1.70 0.50 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.10 28.40 -2.20 1986 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 34.40 Aug/18
Australia 2.10 Jun/18
Brazil 4.19 Aug/18
Canada 2.80 Aug/18
China 2.30 Aug/18
Euro Area 2.00 Aug/18
France 2.30 Aug/18
Germany 2.00 Aug/18
India 3.69 Aug/18
Indonesia 3.20 Aug/18
Italy 1.60 Aug/18
Japan 1.30 Aug/18
Mexico 4.90 Aug/18
Netherlands 2.30 Aug/18
Russia 3.10 Aug/18
Saudi Arabia 2.20 Jul/18
Singapore 0.60 Jul/18
South Africa 4.90 Aug/18
South Korea 1.40 Aug/18
Spain 2.20 Aug/18
Switzerland 1.20 Aug/18
Turkey 17.90 Aug/18
United Kingdom 2.70 Aug/18
United States 2.70 Aug/18


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