China's annual inflation rate fell to 1.5% in December 2021 from a 15-month high of 2.3% a month earlier. The latest reading was less than market consensus of 1.8%, amid efforts by the governments to secure supply as well as the reimposition of lockdown measures in some regions as the Omicron strain spread rapidly. Food prices fell 1.2%, the 2nd drop in three months, after a 1.6% gain in November, largely attributed to a steeper fall in pork prices (-36.7% vs -32.7% in November) after a recovery in its supply following disruptions caused by bad weather. Meanwhile, non-food inflation eased to 2.1% from 2.5%, with prices moderating for both transportation & communication (5.0% vs 7.6%) and housing (1.6% vs 1.7%). For full 2021, consumer prices rose 0.9% yoy, far below the central bank’s target of around 3% and much softer than a 2.5% gain in 2020. On a monthly basis, consumer prices unexpectedly fell 0.3%, after a 0.4% gain in November and missing consensus of a 0.2% rise. source: National Bureau of Statistics of China
Inflation Rate in China averaged 4.94 percent from 1986 until 2021, 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 January 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.