China's annual inflation rate accelerated sharply to 1.5% in October 2021 from 0.7% a month earlier, above market consensus of 1.4%. This was the highest figure since September 2020, attributed to a faster rise in cost of non-food and a softer drop in food prices. Non-food prices rose 2.4% after gaining 2.0% in September, with inflation quickening for transportation & communication (7.0% vs 5.8% in September), fuel & utilities (1.7% vs 1.3%), household goods and services (1.5% vs 0.5%), and health (0.6% vs 0.4%); while cost rose further for both clothing ( at 0.5% vs 0.5%), and education, culture (2.9% vs 3.2%). Food prices, meantime, fell the least in 4 months, amid a slower fall in pork prices and a rebound in cost of both fresh vegetables and fresh fruit. Beijing has set a 2021 CPI target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices rose 0.7%, the most in 9 months, due to rising cost, adverse weather, and supply issues in some commodities. source: National Bureau of Statistics of China
Inflation Rate in China averaged 4.95 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 December of 2021.
Inflation Rate in China is expected to be 2.00 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 1.80 percent in 2022 and 2.00 percent in 2023, according to our econometric models.