The consumer price index in China unexpectedly dropped by 0.3 percent year-on-year in January 2021, after a 0.2 percent gain a month earlier and compared with market consensus of a flat reading. The decline was mainly due to lower cost of non food, with prices falling for transport (-4.6% vs -3.1%); rent, fuel, and utilities (-0.4% vs -0.6%); clothing (-0.2% vs -0.1%); and other goods and services (-0.9% vs 2.2%). Meantime, prices of household goods and services were flat for the third straight month. Also, education cost was flat after rising 0.9% in December. In addition, prices of health slowed sharply (0.4% vs 1.3%). Meanwhile, food prices went up 1.6%, the most in three months, following a 1.2% gain in December. On a monthly basis, consumer prices rose by 1% in January, shifting from a 0.4% fall in December, due to adverse weather and rising demand ahead of the Lunar New Year holiday. source: National Bureau of Statistics of China

Inflation Rate in China averaged 5.04 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 March of 2021.

Inflation Rate in China is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 1.90 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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China Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.30 0.20 28.40 -2.20 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-10 01:30 AM Oct 0.5% 1.7% 0.8% 1%
2020-12-09 01:30 AM Nov -0.5% 0.5% 0% 0.1%
2021-01-11 01:30 AM Dec 0.2% -0.5% 0.1% 0.0%
2021-02-10 01:30 AM Jan -0.3% 0.2% 0.0% -0.2%
2021-03-10 01:30 AM Feb -0.3% -0.4% 0.4%
2021-04-09 01:30 AM Mar
2021-05-11 01:30 AM Apr
2021-06-09 01:30 AM May
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Consumer Prices Unexpectedly Fall
The consumer price index in China unexpectedly dropped by 0.3 percent year-on-year in January 2021, after a 0.2 percent gain a month earlier and compared with market consensus of a flat reading. The decline was mainly due to lower cost of non food, with prices falling for transport (-4.6% vs -3.1%); rent, fuel, and utilities (-0.4% vs -0.6%); clothing (-0.2% vs -0.1%); and other goods and services (-0.9% vs 2.2%). Meantime, prices of household goods and services were flat for the third straight month. Also, education cost was flat after rising 0.9% in December. In addition, prices of health slowed sharply (0.4% vs 1.3%). Meanwhile, food prices went up 1.6%, the most in three months, following a 1.2% gain in December. On a monthly basis, consumer prices rose by 1% in January, shifting from a 0.4% fall in December, due to adverse weather and rising demand ahead of the Lunar New Year holiday.
2021-02-10
China Inflation Rate Rises More than Expected
The consumer price index in China rose by 0.2 percent year-on-year in December 2020, after a 0.5 percent fall a month earlier and compared with market consensus of a 0.1 percent gain. Food prices went up 1.2 percent, reversing from a 2.0 percent fall in November, amid adverse weather and rising demand ahead of the Lunar New Year festival. Pork prices fell less (-1.3% vs -12.5%) after soaring last year due to the African Swine outbreak. Also, there were rises in cost of health (1.3% vs 1.5%), education (0.9% vs 1.0%), and other goods and services (2.2% vs 2.5%). At the same time, prices of household goods and services were flat for the second straight month, while cost fell for transport (-3.1% vs -3.9%); rent, fuel, and utilities (-0.6% vs -0.6%); and clothing (-0.1% vs -0.3%). On a monthly basis, consumer prices increased by 0.7 percent, the most since February, after a 0.6 percent fall in November. For full 2020, consumer prices rose 2.5%.
2021-01-11
China Consumer Prices Fall for First Time in 11 Years
The consumer price index in China unexpectedly declined by 0.5 percent year-on-year in November of 2020, after a 0.5 percent rise a month earlier and compared with market consensus of a flat reading. This was the first deflation rate since October of 2009 as food prices dropped for the first time in nearly three years (-2 percent), with prices of pork tumbling after soaring last year due to the African Swine outbreak. Also, there were falls in cost of transport (-3.9 percent vs -3.9 percent in October); rent, fuel, and utilities (-0.6 percent vs -0.7 percent); and clothing (-0.3 percent vs -0.3 percent). Meanwhile, prices of household goods and services were flat (vs -0.1 percent), while cost rose for health (1.5 percent vs 1.5 percent); education (1 percent vs 1.1 percent); and other goods and services (2.5 percent vs 2.4 percent). On a monthly basis, consumer prices fell by 0.6 percent, the steepest drop since May, and following a 0.3 percent decline in October.
2020-12-09
China Inflation Rate Lowest Since 2009
China's annual inflation rate eased to 0.5 percent in October 2020, the lowest since October 2009 and below market expectations of 0.8 percent. There was a sharp slowdown in prices of food (2.2 percent vs 7.9 percent in September), with pork prices falling for the first time in over 1-1/2 years. Meantime, there were falls in cost of transport (-3.9 percent vs -3.6 percent); rent, fuel, and utilities (-0.7 percent vs -0.8 percent); household goods and services (-0.1 percent vs -0.1 percent); and clothing (-0.3 percent vs -0.4 percent). At the same time, prices rose for health (1.5 percent vs 1.5 percent); and education (1.1 percent vs 0.7 percent); and other goods and services (2.4 percent vs 4.3 percent). On a monthly basis, consumer prices unexpectedly fell by 0.3 percent, the first drop in four months, missing consensus of a 0.2 percent rise.
2020-11-10

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.