China Inflation Rate  1986-2018 | Data | Chart | Calendar | Forecast

China's consumer prices rose by 1.5 percent year-on-year in January of 2018, after a 1.8 percent rise in the prior month and matching market consensus. It was the lowest inflation rate since July 2017 as cost of non-food grew at a slower pace and cost of food fell further. Inflation Rate in China averaged 5.28 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
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China Inflation Rate at 6-Month Low of 1.5% in January


China's consumer prices rose by 1.5 percent year-on-year in January of 2018, after a 1.8 percent rise in the prior month and matching market consensus. It was the lowest inflation rate since July 2017 as cost of non-food grew at a slower pace and cost of food fell further.

In January, the politically sensitive food prices declined by 0.5 percent (from -0.4 percent in the prior month), while non-food cost rose at a softer 2.0 percent (from 2.4 percent). Cost of consumer goods went up 1.0 percent (from 1.1 percent) and those of services increased by 2.3 percent (from 3.0 percent). 
Among food, prices dropped for: pork (-10.6 percent from -8.3 percent) and fresh vegetables (-5.8 percent from -8.6 percent). In contrast, prices rose for: eggs (14.2 percent from 11.4 percent); milk (0.9 percent from 0.6 percent), fresh fruits (6.4 percent from 6.3 percent) and tobacco (0.1 percent from a flat reading in December 2017).
For non-food, prices increased at a slower pace for most categories: rent, fuel & utilities (2.7 percent from 2.8 percent); household goods and services (1.5 percent from 1.6 percent); transport and communication (0.2 percent from 1.2 percent); education, culture & recreation (0.9 percent from 2.1 percent); healthcare (6.2 percent from 6.6 percent) and other goods and services (1.2 percent from 1.9 percet). Meantime, cost went up more only for clothing (1.4 percent from 1.3 percent).
On a monthly basis, consumer prices increased by  0.6 percent, following a 0.3 percent gain in the preceding month and slightly below estimates of a 0.7 percent rise. It was the highest monthly figure in a year.

The producer price index increased by 4.3 percent from a year earlier in January 2018, compared to a 4.9 percent rise in the prior month, while markets estimated a 4.4 percent gain. It was the 17th straight month of rise in producer prices but the smallest since November 2016. Cost rose less for means of production (5.7 percent from 6.4 percent in December), namely extraction (6.8 percent), raw materials (7.3 percent) and processing (4.9 percent). Also, prices rose at a softer pace for consumer goods (0.3 percent from 0.5 percent) namely daily use goods (1.4 percent); clothing (0.8 percent), while food production was flat. At the same time, prices of consumer durable goods declined at a faster 0.3 percent (from -0.2 percent  in the prior month). On a monthly basis, producer prices rose 0.3 percent, following  a 0.8 percent gain in December 2017.


Statistics China l Rida Husna | rida@tradingeconomics.com
2/9/2018 5:47:37 PM



Calendar GMT Actual Previous Consensus TEForecast
2017-12-09 01:30 AM Inflation Rate YoY 1.7% 1.9% 1.8% 1.9%
2018-01-10 01:30 AM Inflation Rate YoY 1.8% 1.7% 1.9% 1.80%
2018-02-09 01:30 AM Inflation Rate YoY 1.5% 1.8% 1.5% 1.7%
2018-03-09 01:30 AM Inflation Rate YoY 1.5% 1.60%
2018-04-11 01:30 AM Inflation Rate YoY 1.60%
2018-05-10 01:30 AM Inflation Rate YoY 1.60%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.80 28.40 -2.20 percent [+]
Inflation Rate Mom 0.60 0.30 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.50 101.80 128.40 97.80 Index Points [+]
Core Consumer Prices 101.90 102.20 102.50 98.40 Index Points [+]
Core Inflation Rate 1.90 2.20 2.50 -1.60 percent [+]
GDP Deflator 631.21 622.50 631.21 100.78 Index Points [+]
Producer Prices 104.30 104.90 113.47 91.80 Index Points [+]
Producer Prices Change 4.30 4.90 13.47 -8.20 percent [+]
Export Prices 100.44 103.10 111.90 90.70 Index Points [+]
Import Prices 104.96 105.73 122.70 79.60 Index Points [+]
Food Inflation -0.50 -0.40 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 February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.80 28.40 -2.20 1986 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Dec/17
Brazil 2.86 Jan/18
Canada 1.90 Dec/17
China 1.50 Jan/18
Euro Area 1.30 Jan/18
France 1.40 Jan/18
Germany 1.60 Jan/18
India 5.07 Jan/18
Indonesia 3.25 Jan/18
Italy 0.80 Jan/18
Japan 1.00 Dec/17
Mexico 5.55 Jan/18
Netherlands 1.50 Jan/18
Russia 2.20 Jan/18
South Korea 1.00 Jan/18
Spain 0.60 Jan/18
Switzerland 0.70 Jan/18
Turkey 10.35 Jan/18
United Kingdom 3.00 Jan/18
United States 2.10 Jan/18


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