China's consumer price inflation stood at 2.5 percent year-on-year in October 2018, unchanged from the previous month's seven-month high and in line with market expectations. A slowdown in prices of food was offset by a faster rise in cost of non-food products. On a monthly basis, consumer prices went up 0.2 percent in October, easing from a 0.7 percent advance in September and also matching market consensus. Inflation Rate in China averaged 5.21 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
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us


China Inflation Rate Unchanged at 7-Month High


China's consumer price inflation stood at 2.5 percent year-on-year in October 2018, unchanged from the previous month's seven-month high and in line with market expectations. A slowdown in prices of food was offset by a faster rise in cost of non-food products.

For 2018, the Chinese government targets inflation to be around 3 percent. 

The politically sensitive food inflation eased to 3.3 percent in October from a seven-month high of 3.6 percent in September, as prices rose at a softer pace for fresh vegetables (10.1 percent vs 14.6 percent) while declines continued to be recorded in cost of edible oil (-0.6 percent, the same as in September) and pork (-1.3 percent vs -2.4 percent). At the same time, cost of fresh fruits increased at a faster 11.5 percent (vs 10.2 percent in September) and prices of eggs went up 8.5 percent (vs 7.1 percent in September). 

Meanwhile, non-food inflation picked up to 2.4 percent in October from 2.2 percent in September. Cost went up at a faster rate for: clothing (1.4 percent vs 1.2 percent); transport and communication (3.2 percent vs 2.8 percent); education, culture and recreation (2.5 percent vs 2.2 percent); and other goods and services (1.3 percent vs 0.7 percent). At the same time, inflation slowed for: rent, fuel and utilities (2.5 percent vs 2.6 percent); household goods & services  (1.5 percent vs 1.6 percent); and healthcare (2.6 percent vs 2.7 percent).

Annual core inflation, which excludes volatile items such as food and energy, edged up to 1.8 percent in October from 1.7 percent in the previous month.

On a monthly basis, consumer prices went up 0.2 percent in October, easing from a 0.7 percent advance in September and also matching market consensus.

Meantime, the producer price index in China increased by 3.3 percent from a year earlier in October, after a 3.6 percent rise in the previous month and matching market expectations. It was the lowest producer inflation since March, as prices of means of production went up at a softer 4.2 percent (vs 4.6 percent in September), namely raw materials (6.7 percent vs 7.3 percent) and processing (2.5 percent vs 2.9 percent), while there was a pick up in extraction inflation (12.4 percent vs 11.7 percent). In addition, consumer goods inflation edged down to 0.7 percent from 0.8 percent, of which daily use goods (1 percent vs 1.1 percent), food production (0.9 percent, the same as in September) and clothing (1.2 percent vs 1.1 percent). Cost of consumer durable goods declined 0.1 percent (vs 0.2 percent in September). On a monthly basis, producer prices went up 0.4 percent, following a 0.6 percent rise in September.


National Bureau of Statistics of China | Rida | rida@tradingeconomics.com
11/9/2018 11:35:26 AM


Recent Releases

China Inflation Rate Rises to 7-Month High in September
China's consumer price inflation rose to a seven-month high of 2.5 percent year-on-year in September of 2018 from 2.3 percent in the previous month and matching market consensus. Prices of food surged while cost of non-food continued to increase.
Published on 2018-10-16

China Inflation Rate Rises to 6-Month High in August
China's consumer price inflation rose to a six-month high of 2.3 percent year-on-year in August of 2018 from 2.1 percent in the previous month and slightly above market consensus of 2.2 percent. The increase was driven by higher prices of food; clothing; rent, fuel & utilities; and education, culture & recreation.
Published on 2018-09-10

China Inflation Rate Rises to 4-Month High in July
China's consumer price inflation rose to a four-month high of 2.1 percent year-on-year in July of 2018 from 1.9 percent in the previous month and above market consensus of 1.9 percent. Still, inflation remained well below the Chinese government’s target of around 3 percent for 2018.
Published on 2018-08-09

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.
Published on 2018-07-10



Calendar GMT Actual Previous Consensus TEForecast
2018-09-10 01:30 AM Inflation Rate YoY 2.3% 2.1% 2.2% 2.2%
2018-10-16 01:30 AM Inflation Rate YoY 2.5% 2.3% 2.5% 2.4%
2018-11-09 01:30 AM Inflation Rate YoY 2.5% 2.5% 2.5% 2.4%
2018-12-09 01:30 AM Inflation Rate YoY 2.5% 2.3%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.50 28.40 -2.20 percent [+]
Inflation Rate Mom 0.20 0.70 2.60 -1.80 percent [+]
Consumer Price Index CPI 102.50 102.50 128.40 97.80 Index Points [+]
Core Consumer Prices 101.80 101.70 102.50 98.40 Index Points [+]
Core Inflation Rate 1.80 1.70 2.50 -1.60 percent [+]
GDP Deflator 656.41 630.75 656.41 100.78 Index Points [+]
Producer Prices 103.30 103.60 113.47 91.80 Index Points [+]
Producer Prices Change 3.30 3.60 13.47 -8.20 percent [+]
Export Prices 101.00 100.40 111.90 90.70 Index Points [+]
Import Prices 106.90 104.40 122.70 79.60 Index Points [+]
Food Inflation 3.30 3.60 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.50 28.40 -2.20 1986 - 2018 percent Monthly




Country Last
Argentina 40.30 Sep/18
Australia 1.90 Sep/18
Brazil 4.56 Oct/18
Canada 2.20 Sep/18
China 2.50 Oct/18
Euro Area 2.20 Oct/18
France 2.20 Oct/18
Germany 2.50 Oct/18
India 3.31 Oct/18
Indonesia 3.16 Oct/18
Italy 1.60 Oct/18
Japan 1.20 Sep/18
Mexico 4.90 Oct/18
Netherlands 2.10 Oct/18
Russia 3.50 Oct/18
Saudi Arabia 2.10 Sep/18
Singapore 0.70 Sep/18
South Africa 4.90 Sep/18
South Korea 2.00 Oct/18
Spain 2.30 Oct/18
Switzerland 1.10 Oct/18
Turkey 25.24 Oct/18
United Kingdom 2.40 Oct/18
United States 2.50 Oct/18


Related
Latest