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

China's consumer price inflation fell to 1.8 percent year-on-year in April 2018, from 2.1 percent in the previous month and missing market consensus of 1.9 percent. It was the lowest rate since January, mainly due to a sharp slowdown in food inflation. On a monthly basis, consumer prices fell by 0.2 percent, also below forecasts of a 0.1 percent drop. Inflation Rate in China averaged 5.26 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 April Inflation Rate Weaker than Expected


China's consumer price inflation fell to 1.8 percent year-on-year in April, from 2.1 percent in the previous month and missing market consensus of 1.9 percent. It was the lowest rate since January, mainly due to a sharp slowdown in food inflation.

In April, the politically sensitive food prices increased by 0.7 percent, easing from a 2.1 percent rise in March and marking the slowest gain in food prices since a decline in January. In particular, the price of fresh fruit rose by 4.2 percent compared to a 7.4 percent increase in March, and eggs rose 14.9 percent, also below the 17.6 percent advance recorded in the previous month. The price of pork continued to fall (-16.1 percent vs -12 percent in March).

Meanwhile, non-food food inflation was unchanged at 2.1 percent. Upward pressure came from: clothing (1.1 percent, the same as in March); rent, fuel & utilities (2.2 percent, the same as in March); household goods and services (1.5 percent vs 1.6 percent); transport and communication (1.1 percent vs 0.3 percent); education, culture and recreation (2 percent vs 2.2 percent); healthcare (5.2 percent vs 5.7 percent); and other goods and services (0.9 percent vs 1.2 percent).

Annual core inflation, which excludes the prices of food and energy, stood at 2 percent in April, the same as in the previous month.

On a monthly basis, consumer prices fell by 0.2 percent, following a 1.1 percent drop in March while markets were expecting a smaller 0.1 percent decline.

The Chinese government confirmed in April that it set the inflation target for 2018 at around 3 percent.

Meanwhile, the producer price index, which measures wholesale inflation, increased by 3.4 percent from a year earlier in April, following a 3.1 percent rise in the previous month, but still missing market expectations of 3.5 percent. Prices of means of production went up at a faster pace (4.5 percent vs 4.1 percent), namely extraction (6.1 percent vs 5 percent), raw materials (5.7 percent vs 5.1 percent) and processing (3.9 percent vs 3.7 percent). Meantime, cost of consumer goods rose at a slower 0.1 percent (vs 0.2 percent in March), namely food production (0.1 percent vs unchanged), daily use goods (0.9 percent, the same as in March), and clothing (0.2 percent vs 0.3 percent); while prices of consumer durable goods declined further (-0.6 percent vs -0.3 percent). On a monthly basis, producer prices fell by 0.2 percent, the same pace as in March.


Statistics China l Rida | rida@tradingeconomics.com
5/10/2018 7:51:51 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-03-09 01:30 AM Inflation Rate YoY 2.9% 1.5% 2.5% 2.6%
2018-04-11 01:30 AM Inflation Rate YoY 2.1% 2.9% 2.6% 2.6%
2018-05-10 01:30 AM Inflation Rate YoY 1.8% 2.1% 1.9% 2%
2018-06-09 01:30 AM Inflation Rate YoY 1.8% 1.9%
2018-07-10 01:30 AM Inflation Rate YoY 2.1%
2018-08-09 01:30 AM Inflation Rate YoY 2.1%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.80 2.10 28.40 -2.20 percent [+]
Inflation Rate Mom -0.20 -1.10 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.80 102.10 128.40 97.80 Index Points [+]
Core Consumer Prices 102.00 102.00 102.50 98.40 Index Points [+]
Core Inflation Rate 2.00 2.00 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 103.40 103.10 113.47 91.80 Index Points [+]
Producer Prices Change 3.40 3.10 13.47 -8.20 percent [+]
Export Prices 98.08 100.52 111.90 90.70 Index Points [+]
Import Prices 98.61 105.14 122.70 79.60 Index Points [+]
Food Inflation 0.70 2.10 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 2.10 28.40 -2.20 1986 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.76 Apr/18
Canada 2.20 Apr/18
China 1.80 Apr/18
Euro Area 1.20 Apr/18
France 1.60 Apr/18
Germany 1.60 Apr/18
India 4.58 Apr/18
Indonesia 3.41 Apr/18
Italy 0.50 Apr/18
Japan 0.60 Apr/18
Mexico 4.55 Apr/18
Netherlands 0.90 Apr/18
Russia 2.40 Apr/18
South Korea 1.60 Apr/18
Spain 1.10 Apr/18
Switzerland 0.80 Apr/18
Turkey 10.85 Apr/18
United Kingdom 2.40 Apr/18
United States 2.50 Apr/18


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