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

China's consumer price inflation rose to 1.9 percent year-on-year in June of 2018 from 1.8 percent in the previous month and matching market consensus. It is the highest rate since March, as prices of food went up at a faster pace and cost of non-food continued to increase. On a monthly basis, consumer prices fell by 0.1 percent, following a 0.2 percent drop in May and in line with expectations. Inflation Rate in China averaged 5.24 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 3-Month High in June


China's consumer price inflation edged up to 1.9 percent year-on-year in June of 2018 from 1.8 percent in the previous month and matching market consensus. It is the highest rate since March, as prices of food went up at a faster pace and cost of non-food continued to increase.

In June, the politically sensitive food prices increased by 0.3 percent, faster than a 0.1 percent rise in the prior month. Prices continued to rise  for fresh vegetables (9.3 percet from 10 percent in May) and eggs (15.1 percent from 20.8 percent); while fell less for pork (-12.8 percent from -16.7 percent); and  continued to decline for fresh fruit (-5.3 percent from -2.7 percent). 

Meantime, cost of non-food went up 2.2 percent, the same as in May. Upward pressure came from: transport and communication (2.4 percent from 1.8 percent); other goods and services (0.9 percent from 1 percent); clothing (1.1 percent, the same as in May); rent, fuel & utilities (2.3 percent from 2.2 percent in May);  household goods and services (1.5 percent, the same as in May); healthcare (5 percent from 5.1 percent); and education, culture and recreation (1.8 percent from 1.9 percent).

Annual core inflation, which excludes the prices of food and energy, stood at 1.9 percent, the same as in the previous month.

For 2018, China set its consumer inflation target at around 3 percent, in line with the preceding year's figure.

On a monthly basis, consumer prices fell by 0.1 percent, following a 0.2 percent drop in May and in line with expectations.

Meanwhile, the producer price index increased by 4.7 percent from a year earlier in June of 2018, after a 4.1 percent rise in the previous month and above market expectations of 4.5 percent. It is the highest producer inflation since last December. Prices of means of production went up at a faster pace (6.1 percent from 5.4 percent in May), namely extraction (11.5 percent from 8.1 percent), raw materials (8.8 percent from 7.4 percent) and processing (4.6 percent from 4.4 percent). Also, cost of consumer goods rose more (0.4 percent from 0.3 percent), namely food production (0.7 percent from 0.3 percent), clothing (0.3 percent from 0.3 percent); daily use goods (1.1 percent from 1.1 percent); while prices of consumer durable goods declined less (-0.5 percent from -0.7 percent). On a monthly basis, producer prices went up by 0.3 percent.


Statistics China | Rida | rida@tradingeconomics.com
7/10/2018 11:17:00 AM



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


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.80 28.40 -2.20 percent [+]
Inflation Rate Mom -0.10 -0.20 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.90 101.80 128.40 97.80 Index Points [+]
Core Consumer Prices 101.90 101.90 102.50 98.40 Index Points [+]
Core Inflation Rate 1.90 1.90 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 104.70 104.10 113.47 91.80 Index Points [+]
Producer Prices Change 4.70 4.10 13.47 -8.20 percent [+]
Export Prices 100.20 103.20 111.90 90.70 Index Points [+]
Import Prices 100.50 101.10 122.70 79.60 Index Points [+]
Food Inflation 0.30 0.10 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.80 28.40 -2.20 1986 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 4.39 Jun/18
Canada 2.20 May/18
China 1.90 Jun/18
Euro Area 2.00 Jun/18
France 2.00 Jun/18
Germany 2.10 Jun/18
India 5.00 Jun/18
Indonesia 3.12 Jun/18
Italy 1.30 Jun/18
Japan 0.70 May/18
Mexico 4.65 Jun/18
Netherlands 1.70 Jun/18
Russia 2.30 Jun/18
South Korea 1.50 Jun/18
Spain 2.30 Jun/18
Switzerland 1.10 Jun/18
Turkey 15.39 Jun/18
United Kingdom 2.40 Jun/18
United States 2.90 Jun/18


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