China's annual inflation rate was at 2.1% in May 2022, unchanged from April's five month high figure and compared with market forecasts of 2.2%. Prices of food rose the most since September 2020, up for the second straight month (2.3% vs 1.9% in April), as consumption strengthened following an easing of COVID-19 curbs in some major cities, including Shanghai and Beijing. Meanwhile, cost of non-food continued to increase (2.1% vs 2.2%), driven by housing (1.0% vs 1.2%), transportation & communication (6.2% vs 6.5%), education, culture (1.8% vs 2.0%), clothing (0.6% vs 0.5%), household goods and services (1.4% vs 1.2%), and healthcare (0.7% vs 0.7%). China has set a target of CPI at around 3% for this year, the same as in 2021. On a monthly basis, consumer prices fell 0.2% in May, the first monthly decline in five months, compared with consensus of a 0.3% drop, and reversing from a 0.4% gain in April. source: National Bureau of Statistics of China
Inflation Rate in China averaged 4.90 percent from 1986 until 2022, 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 July of 2022.
Inflation Rate in China is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Inflation Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.