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

China's consumer prices rose 1.5 percent year-on-year in June of 2017, the same pace as in May and matching market consensus. The inflation rate remained at its highest level since January, as cost of non-food slowed slightly while cost of food fell at a slower pace. On a monthly basis, consumer prices declined 0.2 percent, after edging down 0.1 percent in May and marking the fastest drop since March. Inflation Rate in China averaged 5.35 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.

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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-10 01:30 AM Apr 1.2% 0.9% 1.1% 1%
2017-06-09 01:30 AM May 1.5% 1.2% 1.5% 1.1%
2017-07-10 01:30 AM Jun 1.5% 1.5% 1.5% 1.5%
2017-08-09 01:30 AM Jul 1.5% 1.4%
2017-09-09 01:30 AM Aug 1.3%
2017-10-16 01:30 AM Sep 1.4%




China Inflation Rate Stays At 4-Month High Of 1.5% In June


China's consumer prices rose 1.5 percent year-on-year in June of 2017, the same pace as in May and matching market consensus. The inflation rate remained at its highest level since January, as cost of non-food slowed slightly while cost of food fell at a slower pace.

In June, the politically sensitive food prices declined by 1.2 percent (from -1.6 percent in the prior month) while non-food cost rose 2.2 percent (from 2.3 percent). Cost of consumer goods went up 0.6 percent (from 0.7 percent) and those of services increased by 3.0 percent (from 2.9 percent in a month earlier). 

Among food, prices rose for fresh fruits (9.9 percent from 11.8 percent) and milk (0.1 percent from 0.1 percent) and fresh vegetables (5.8 percent from -6.3 percent). In contrast, prices fell for: pork (-16.7 percent from -12.8 percent),  eggs (-9.3 percent from -14.4 percent) and tobacco (-0.2 percent from -0.2 percent). 

For non-food categories, inflation went up for clothing (1.4 percent from 1.3 percent) and household goods and services (1.1 percent from 1.0 percent); was steady for rent, fuel & utilities (2.5 percent from 2.5 percent) and eased for healthcare (5.7 percent from 5.9 percent); transport & communication (0.1 percent from 1.1 percent); education, culture & recreation (2.5 percent from 2.6 percent) and other goods and services (2.8 percent from 2.9 percent). 

On a monthly basis, consumer prices fell 0.2 percent, after declining 0.1 percent in a month earlier and marking the fastest drop since March.

The producer price index increased by 5.5 percent from a year earlier, the same in the prior month and in line with estimates. It was the tenth straight month of increase, as cost went up for all categories: means of production (7.3 percent from 7.3 percent in the prior month, namely extraction: 18.3 percent, raw materials: 10.0 percent and processing: 5.4 percent); consumer goods (0.5 percent from a 0.6 percent rise, namely food production: 0.1 percent, clothing: 1.3 percent and daily use goods: 1.0 percent). Meanwhile, prices of consumer durable goods went up 0.1 percent, after gaining 0.2 percent in May. On a monthly basis, producer prices fell 0.2 percent.

Statistics China | Rida Husna | rida@tradingeconomics.com
7/10/2017 10:22:49 AM



China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.50 28.40 -2.20 percent [+]
Inflation Rate Mom -0.20 -0.10 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.50 101.50 128.40 97.80 Index Points [+]
Core Consumer Prices 102.20 102.10 102.50 98.40 Index Points [+]
Core Inflation Rate 2.20 2.10 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 105.50 105.50 113.47 91.80 Index Points [+]
Producer Prices Change 5.50 5.50 13.47 -8.20 percent [+]
Export Prices 105.44 106.86 111.90 90.70 Index Points [+]
Import Prices 112.44 113.50 122.70 79.60 Index Points [+]
Food Inflation -1.20 -1.60 40.20 -5.50 percent [+]


China Inflation Rate Notes

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.50 28.40 -2.20 1986 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.00 Jun/17
Canada 1.30 May/17
China 1.50 Jun/17
Euro Area 1.30 Jun/17
France 0.70 Jun/17
Germany 1.60 Jun/17
India 1.54 Jun/17
Indonesia 4.37 Jun/17
Italy 1.20 Jun/17
Japan 0.40 May/17
Mexico 6.31 Jun/17
Netherlands 1.10 Jun/17
Russia 4.40 Jun/17
South Korea 1.90 Jun/17
Spain 1.50 Jun/17
Switzerland 0.20 Jun/17
Turkey 10.90 Jun/17
United Kingdom 2.60 Jun/17
United States 1.60 Jun/17