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

China's consumer prices rose 1.9 percent year-on-year in October of 2017, after a 1.6 percent rise in September and slightly above market consensus of a 1.8 percent gain. It was the highest inflation rate since January, cost of non-food increased further while cost of food fell much less than in a month earlier. On a monthly basis, consumer prices rose 0.1 percent, after gaining 0.5 percent in a month earlier while market estimated a 0.2 percent rise. It was the lowest monthly figure since July. Inflation Rate in China averaged 5.31 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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China Inflation Rate at 9-Month High of 1.9% in October


China's consumer prices rose 1.9 percent year-on-year in October of 2017, after a 1.6 percent rise in September and slightly above market consensus of a 1.8 percent gain. It was the highest inflation rate since January, as cost of non-food increased further while cost of food fell much less than in a month earlier.

In October, the politically sensitive food prices declined by 0.4 percent (from -1.4 percent in the prior month) while non-food cost rose 2.4 percent (from 2.4 percent). Cost of consumer goods went up 1.1 percent (from 0.7 percent) and those of services increased by 3.2 percent (from 3.3 percent). 

Among food, prices dropped for: pork (-10.1 percent from -12.4 percent); tobacco (-0.1 percent from -0.1 percent) and fresh fruits (-0.7 percent from -3.0 percent). In contrast, prices rose for: fresh vegetables (0.3 percent from -1.0 percent); eggs (3.1 percent from 3.7 percent) and milk (0.3 percent from 0.4 percent). 

For non-food categories, prices increased at a faster pace for: transport and communication (0.8 percent from 0.5 percent); household goods and services (1.5 percent from 1.4 percent) and other goods and services (1.8 percent from 1.4 percent). Meantime, cost increased at a softer pace for healthcare (7.2 percent from 7.6 percent); while inflation was steady for: rent, fuel & utilities (2.8 percent) and education, culture & recreation (2.3 percent). 

On a monthly basis, consumer prices rose 0.1 percent, after gaining 0.5 percent in a month earlier while market estimated a 0.2 percent rise. It was the lowest monthly figure since July.

The producer price index increased by 6.9 percent from a year earlier in October 2017, the same as in the previous month but above market estimates of a 6.6 percent gain. The figure marked the 14th straight month of gain in producer prices and remained the highest since March. Cost went up less for means of production (9.0 percent from 9.1 percent, namely extraction: 14.7 percent, raw materials: 11.6 percent and processing: 7.5 percent). Meantime, prices rose slightly more than in a month earlier for consumer goods (0.8 percent (from 0.7 percent, namely food production: 0.6 percent, clothing: 0.9 percent and daily use goods: 1.9 percent). At the same time, prices of consumer durable goods were unchanged for the fourth month in a row. On a monthly basis, producer prices rose 0.7 percent, compared to a 1.0 percent gain in September.

Statistics China l Rida Husna | rida@tradingeconomics.com
11/9/2017 2:39:08 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-09-09 01:30 AM Inflation Rate YoY 1.8% 1.4% 1.6% 1.5%
2017-10-16 01:30 AM Inflation Rate YoY 1.6% 1.8% 1.6% 1.7%
2017-11-09 01:30 AM Inflation Rate YoY 1.9% 1.6% 1.8% 1.8%
2017-12-09 01:30 AM Inflation Rate YoY 1.9% 1.9%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.90 1.60 28.40 -2.20 percent [+]
Inflation Rate Mom 0.10 0.50 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.90 101.60 128.40 97.80 Index Points [+]
Core Consumer Prices 102.30 102.30 102.50 98.40 Index Points [+]
Core Inflation Rate 2.30 2.30 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 106.90 106.90 113.47 91.80 Index Points [+]
Producer Prices Change 6.90 6.90 13.47 -8.20 percent [+]
Export Prices 102.70 102.94 111.90 90.70 Index Points [+]
Import Prices 108.96 106.38 122.70 79.60 Index Points [+]
Food Inflation -0.40 -0.40 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 1.60 28.40 -2.20 1986 - 2017 percent Monthly




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17