China's annual inflation rate jumped to 1.3% in May 2021 from 0.9% a month earlier and compared with market consensus of 1.6%. This was the highest reading since September 2020, amid a faster increase in cost of non-food goods (1.6% vs 1.3% in April), led by transportation & communication (5.5% vs 4.9%); clothing (0.4% vs 0.2%); rent, fuel & utilities (0.7% vs 0.4%); health (0.2% vs 0.1%), household goods and services (0.4% vs 0.4), and education, culture (1.5% vs 1.3%). Also, food prices went up 0.3%, the first rise in four months, after a 0.7% drop in April. On a monthly basis, consumer prices fell 0.2% in May, compared with forecasts of a 0.1% decline and after a 0.3% drop in April. source: National Bureau of Statistics of China
Inflation Rate in China averaged 5 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 June of 2021.
Inflation Rate in China is expected to be 1.60 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 3.20 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.