China's annual inflation rate rose to 2.7% in July 2022 from 2.5% in June and compared with market forecasts of 2.9%. This was the fastest rise in consumer prices since July 2020, mainly due to a surge in food prices with cost of pork bouncing back sharply after a cut in production capacity and a strong recovery in demand. Food prices rose 6.3% (2.9% in June), the most in 22 months. Meanwhile, non-food inflation slowed markedly (1.9% vs 2.5%), with cost continuing to rise for transportation & communication (6.1% vs 8.5%), housing (0.7% vs 0.8%), education, culture (1.5% vs 2.1%), household goods and services (1.4% vs 1.5%), clothing (0.7% vs 0.6%), 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 rose 0.5% in July, the most in five months, matching market consensus, and after a flat reading in June. source: National Bureau of Statistics of China

Inflation Rate in China averaged 4.89 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 August of 2022.

Inflation Rate in China is expected to be 3.00 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.

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China Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-09 01:30 AM Jun 2.5% 2.1% 2.4% 2.3%
2022-08-10 01:30 AM Jul 2.7% 2.5% 2.9% 2.5%
2022-09-09 01:30 AM Aug 2.7%


Related Last Previous Unit Reference
Inflation Rate 2.70 2.50 percent Jul 2022
Inflation Rate Mom 0.50 0.00 percent Jul 2022
Consumer Price Index CPI 103.20 102.70 points Jul 2022
Core Inflation Rate 0.80 1.00 percent Jul 2022
Core Consumer Prices 100.80 101.00 points Jul 2022
GDP Deflator 696.46 689.46 points Dec 2020
Producer Prices 112.80 114.30 points Jul 2022
Producer Prices Change 4.20 6.10 percent Jul 2022
Food Inflation 6.30 2.90 percent Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.50 28.40 -2.20 1986 - 2022 percent Monthly

News Stream
China Inflation Rate at 2-Year High of 2.7%
China's annual inflation rate rose to 2.7% in July 2022 from 2.5% in June and compared with market forecasts of 2.9%. This was the fastest rise in consumer prices since July 2020, mainly due to a surge in food prices with cost of pork bouncing back sharply after a cut in production capacity and a strong recovery in demand. Food prices rose 6.3% (2.9% in June), the most in 22 months. Meanwhile, non-food inflation slowed markedly (1.9% vs 2.5%), with cost continuing to rise for transportation & communication (6.1% vs 8.5%), housing (0.7% vs 0.8%), education, culture (1.5% vs 2.1%), household goods and services (1.4% vs 1.5%), clothing (0.7% vs 0.6%), 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 rose 0.5% in July, the most in five months, matching market consensus, and after a flat reading in June.
2022-08-10
China Inflation Rate Hits 23-Month High in June
China's annual inflation rate climbed to 2.5 percent in June 2022 from 2.1 percent in the prior month and above market forecasts of 2.4 percent. This was the highest print since July 2020, with food prices rising the most in 21 months as consumption strengthened further following an improvement in COVID-19 situation (2.9 percent vs 2.3 percent in May). Also, non-food inflation accelerated further ( 2.5 percent vs 2.1 percent), driven by transportation & communication (8.5 percent vs 6.2 percent), housing (0.8 percent vs 1.0 percent), education, culture (2.1 percent vs 1.8 percent), clothing (0.6 percent vs 0.6 percent), household goods and services (1.5 percent vs 1.4 percent), and healthcare (0.7 percent vs 0.7 percent). China has set a target of CPI at around 3 percent for this year, the same as in 2021. On a monthly basis, consumer prices unexpectedly were flat in June, beating consensus of a 0.1 percent drop and after falling 0.2 percent in May.
2022-07-09
China Inflation Rate Stays at 5-Month High
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.
2022-06-10