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

China's consumer prices rose 1.5 percent year-on-year in May of 2017, following a 1.2 percent rise in April and matching market consensus. It was the highest inflation rate since January, as cost of non-food increased further and cost of food fell much less than in a month earlier. On a monthly basis, consumer prices declined by 0.1 percent, after gaining 0.1 percent in a month earlier while market estimated a 0.2 percent drop. Inflation Rate in China averaged 5.36 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-12 01:30 AM Mar 0.9% 0.8% 1% 1%
2017-05-10 01:30 AM Apr 1.2% 0.9% 1.1% 1%
2017-06-09 01:30 AM May 1.5% 1.2% 1.5% 1.1%
2017-07-10 01:30 AM Jun 1.5% 1.2%
2017-08-09 01:30 AM Jul 1.2%
2017-09-09 01:30 AM Aug 1.3%




China Inflation Rate At 4-Month High Of 1.5% In May


China's consumer prices rose 1.5 percent year-on-year in May of 2017, following a 1.2 percent rise in April and matching market consensus. It was the highest inflation rate since January, as cost of non-food increased further and cost of food fell much less than in a month earlier.

In May, the politically sensitive food prices declined by 1.6 percent (from -3.5 percent in the prior month) while non-food cost rose 2.3 percent (from 2.4 percent). Cost of consumer goods went up 0.7 percent (from 0.2 percent) and those of services increased by 2.9 percent (from 2.9 percent in April). 


Among food, prices rose more than in the prior month for: fresh fruits (11.8 percent from 5.9 percent) and milk (0.1 percent from a flat reading). In contrast, prices fell for: pork (-12.8 percent from -8.1 percent), fresh vegetables (-6.3 percent from -21.6 percent), eggs (-14.4 percent from -11.4 percent) and tobacco (-0.2 percent from -0.2 percent). 

For non-food categories, cost went up more than in the preceding month for: rent, fuel & utilities (2.5 percent from 2.4 percent), household goods and services (1.0 percent from 0.8 percent) and healthcare (5.9 percent from 5.7 percent). Cost increased at a slower pace for: transport & communication (1.1 percent from 1.8 percent) and other goods and services (2.9 percent from 3.4 percent). Inflation was steady for: clothing (1.3 percent) and education, culture & recreation (2.6 percent. 

On a monthly basis, consumer prices fell 0.1 percent, after gaining 0.1 percent in a month earlier while market estimated a 0.2 percent decline.

The producer price index rose 5.5 percent year-on-year, compared to a 6.4 percent rise in April and  below  market estimates  of  a 5.7 percent gain. It was the ninth straight month of increase but the weakest since December 2016. Cost went up at slower pace for most categories: means of production (7.3 percent from 8.4 percent in the prior month, namely extraction: 22.7 percent, raw materials: 11.1 percent and processing: 4.6 percent); consumer goods (0.6 percent from a flat reading, namely food production: 0.3 percent, clothing: 1.5 percent and daily use goods: 1.1 percent). Meanwhile, prices of consumer durable goods went up 0.2 percent, after declining 0.1 percent in April. On a monthly basis, producer prices fell 0.1 percent.

Statistics China | Rida Husna | rida@tradingeconomics.com
6/9/2017 10:44:33 AM



China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.20 28.40 -2.20 percent [+]
Inflation Rate Mom -0.10 0.10 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.50 101.20 128.40 97.80 Index Points [+]
Core Consumer Prices 102.10 102.10 102.50 98.40 Index Points [+]
Core Inflation Rate 2.10 2.10 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 105.50 106.40 113.47 91.80 Index Points [+]
Producer Prices Change 5.50 6.40 13.47 -8.20 percent [+]
Export Prices 106.86 104.55 111.90 90.70 Index Points [+]
Import Prices 113.50 113.61 122.70 79.60 Index Points [+]
Food Inflation -1.60 -3.50 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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.20 28.40 -2.20 1986 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.60 May/17
Canada 1.30 May/17
China 1.50 May/17
Euro Area 1.40 May/17
France 0.80 May/17
Germany 1.50 May/17
India 2.18 May/17
Indonesia 4.33 May/17
Italy 1.40 May/17
Japan 0.40 Apr/17
Mexico 6.16 May/17
Netherlands 1.10 May/17
Russia 4.10 May/17
South Korea 2.00 May/17
Spain 1.90 May/17
Switzerland 0.50 May/17
Turkey 11.72 May/17
United Kingdom 2.90 May/17
United States 1.90 May/17