China's annual inflation rate jumped to 1.3% in May 2021 from 0.9% a month earlier and compared with market consensus of 1.6%. This was the highest reading since September 2020, amid a faster increase in cost of non-food goods (1.6% vs 1.3% in April), led by transportation & communication (5.5% vs 4.9%); clothing (0.4% vs 0.2%); rent, fuel & utilities (0.7% vs 0.4%); health (0.2% vs 0.1%), household goods and services (0.4% vs 0.4), and education, culture (1.5% vs 1.3%). Also, food prices went up 0.3%, the first rise in four months, after a 0.7% drop in April. On a monthly basis, consumer prices fell 0.2% in May, compared with forecasts of a 0.1% decline and after a 0.3% drop in April. source: National Bureau of Statistics of China

Inflation Rate in China averaged 5 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 June of 2021.

Inflation Rate in China is expected to be 1.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 3.20 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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China Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 0.90 28.40 -2.20 1986 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-10 01:30 AM Feb -0.2% -0.3% -0.4% -0.3%
2021-04-09 01:30 AM Mar 0.4% -0.2% 0.3% 0.2%
2021-05-11 01:30 AM Apr 0.9% 0.4% 1% 1.1%
2021-06-09 01:30 AM May 1.3% 0.9% 1.6% 1.5%
2021-07-09 01:30 AM Jun 1.3% 1.6%
2021-08-09 01:30 AM Jul
2021-09-09 01:30 AM Aug
2021-10-14 01:30 AM Sep


News Stream
China Inflation Rate Rises to 8-Month High
China's annual inflation rate jumped to 1.3% in May 2021 from 0.9% a month earlier and compared with market consensus of 1.6%. This was the highest reading since September 2020, amid a faster increase in cost of non-food goods (1.6% vs 1.3% in April), led by transportation & communication (5.5% vs 4.9%); clothing (0.4% vs 0.2%); rent, fuel & utilities (0.7% vs 0.4%); health (0.2% vs 0.1%), household goods and services (0.4% vs 0.4), and education, culture (1.5% vs 1.3%). Also, food prices went up 0.3%, the first rise in four months, after a 0.7% drop in April. On a monthly basis, consumer prices fell 0.2% in May, compared with forecasts of a 0.1% decline and after a 0.3% drop in April.
2021-06-09
China Inflation Rate Rises to 7-Month High
China's annual inflation rate jumped to 0.9% in April 2021 from 0.4% a month earlier and compared with market consensus of 1%. This was the highest reading since September 2020, amid a faster increase in cost of non-food goods (1.3% vs 0.7% in March), mainly driven by transportation & communication (4.9% vs 2.7%); clothing (0.2% vs 0.1%); rent, fuel & utilities (0.4% vs 0.2%); and household goods and services (0.4% vs flat reading). Meantime, food prices dropped 0.7%, the third straight fall, with prices of pork declining faster (-21.4% vs -18.4%). On a monthly basis, consumer prices fell 0.3% in April, compared with forecasts of a 0.2% decline and after a 0.5% drop in March.
2021-05-11
China Inflation Rate Above Estimates
The consumer price index in China rose by 0.4% yoy in March 2021, after a 0.2% drop a month earlier and compared with market consensus of a 0.3% gain. This was the highest reading since October 2020, amid a sharp rebound in cost of for non-food goods (0.7% vs -0.2% in February), driven by transportation & communication (2.7% vs -1.9%); clothing (0.1% vs -0.5%); rent, fuel & utilities (0.2% vs -0.3%). At the same time, cost of household goods and services was flat after falling 0.2% in February, while prices of other goods and services fell further (-1.5% vs -0.8%). Food prices dropped 0.7%, the second straight fall, with prices of pork declining faster (-18.4% vs -14.9%). On a monthly basis, consumer prices went down 0.5% in March, the first decline in four months, following a 0.6% rise in February.
2021-04-09
China Consumer Prices Fall Less than Expected
The consumer price index in China dropped by 0.2 percent year-on-year in February 2021, after a 0.3 percent fall a month earlier and compared with market consensus of a 0.4 percent decline. Food prices decreased 0.2 percent, the first drop in three months, with prices of pork declining sharply (-14.9 percent vs -3.9 percent in January). Also, cost for non-food goods continued to fall (-0.2 percent vs -0.8 percent), mainly driven by transportation & communication (-1.9 percent vs -4.6 percent); clothing (-0.5 percent vs -0.2 percent); rent, fuel & utilities (-0.3 percent vs -0.4 percent); household goods and services (-0.2 percent vs 0.0 percent); and other goods and services (-0.8 percent vs -0.9 percent). Meantime, inflation slowed for healthcare (0.3 percent vs 0.4 percent), but picked up for education (0.6 percent vs 0.0 percent). On a monthly basis, consumer prices rose 0.6 percent in February.
2021-03-10

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.