China’s annual inflation rate edged up to 0.9% in September 2026 from 0.8% in August, slightly below market expectations of 1%. It marked the highest reading since June, with non-food inflation accelerating (1.5% vs 1.2% in August), driven by a sharper rise in transport costs (4.3% vs 2.5%) amid higher gasoline prices and stronger travel demand ahead of the Golden Week break. Upward price pressure also came from clothing (1.2% vs 1.3%), healthcare (2.7% vs 2.7%), and education (1.4% vs 1.4%). In contrast, housing costs stayed subdued (-0.3% vs -0.3%). On the food side, prices declined for the sixth straight month, pointing to the steepest pace in four months (-1.7% vs -1.4%), weighed down by a further drop in pork prices, as abundant pork supplies and weak consumption weighed on prices. Core inflation, excluding food and energy, rose 1.0% yoy, unchanged from August. On a monthly basis, consumer prices rose 0.2%, below forecasts of 0.3% and slowing from August’s six-month high of 0.4%. source: National Bureau of Statistics of China

Inflation Rate in China increased to 0.90 percent in September from 0.80 percent in August of 2026. Inflation Rate in China averaged 4.44 percent from 1986 until 2026, 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 October of 2026.

Inflation Rate in China increased to 0.90 percent in September from 0.80 percent in August of 2026. Inflation Rate in China is expected to be 1.20 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 0.80 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-09 01:30 AM
Inflation Rate YoY
Aug 0.8% 0.5% 0.8% 0.7%
2026-10-14 01:30 AM
Inflation Rate YoY
Sep 0.9% 0.8% 1% 1.0%
2026-11-09 01:30 AM
Inflation Rate YoY
Oct 0.9% 0.9%



Components Last Previous Unit Reference
Rent Inflation -0.60 -0.60 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 101.10 100.90 points Sep 2026
Core Consumer Prices 101.00 101.00 points Sep 2026
Core Inflation Rate 1.00 1.00 percent Sep 2026
Core Inflation Rate MoM 0.00 0.10 percent Sep 2026
Food Inflation -1.70 -1.40 percent Sep 2026
GDP Deflator 104.20 105.10 points Dec 2025
Inflation Rate YoY 0.90 0.80 percent Sep 2026
Inflation Rate MoM 0.20 0.40 percent Sep 2026
Producer Price Inflation MoM 1.20 0.40 percent Sep 2026
Producer Prices 104.30 103.10 points Sep 2026
PPI YoY 5.00 3.80 percent Sep 2026


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
0.90 0.80 28.40 -2.20 1986 - 2026 percent Monthly

News Stream
China Inflation Rate Slightly Below Estimates
China’s annual inflation rate edged up to 0.9% in September 2026 from 0.8% in August, slightly below market expectations of 1%. It marked the highest reading since June, with non-food inflation accelerating (1.5% vs 1.2% in August), driven by a sharper rise in transport costs (4.3% vs 2.5%) amid higher gasoline prices and stronger travel demand ahead of the Golden Week break. Upward price pressure also came from clothing (1.2% vs 1.3%), healthcare (2.7% vs 2.7%), and education (1.4% vs 1.4%). In contrast, housing costs stayed subdued (-0.3% vs -0.3%). On the food side, prices declined for the sixth straight month, pointing to the steepest pace in four months (-1.7% vs -1.4%), weighed down by a further drop in pork prices, as abundant pork supplies and weak consumption weighed on prices. Core inflation, excluding food and energy, rose 1.0% yoy, unchanged from August. On a monthly basis, consumer prices rose 0.2%, below forecasts of 0.3% and slowing from August’s six-month high of 0.4%.
2026-10-14
China Inflation Rate Accelerates as Expected
China’s annual inflation climbed to 0.8% in August 2026 from July’s six-month low of 0.5%, in line with market estimates. Non-food prices rose at a steeper rate (1.2% vs 0.9% in July), led by a sharp increase in transport costs (2.5% vs 0.4%) amid higher fuel prices and stronger travel-related demand. Upward price pressure also came from clothing (1.3% vs 1.4%), healthcare (2.7% vs 2.9%), and education (1.4% vs 1.3%). In contrast, housing costs remained subdued (-0.3% vs -0.3%). On the food side, prices declined for the fifth straight month (-1.4% vs -1.5%), weighed by a further drop in pork prices amid abundant supply and weak consumption. Core inflation, excluding food and energy, rose 1.0% yoy, up from July's six-month low of 0.9% On a monthly basis, consumer prices increased 0.4%, topping forecasts of a 0.3% gain and reversing a 0.1% drop in July. It also marked the highest monthly reading since February.
2026-09-09
China Inflation Rate Hits 6-Month Low
China’s annual inflation eased to 0.5% in July 2026 from 1.0% in the prior month, falling short of market forecasts of 0.8%. It was the lowest print since January, as food prices continued to decline while non-food inflation slowed further. Food cost fell for the fourth straight month (-1.5% vs -1.6% in June), weighed by a further drop in pork prices amid abundant supply and weak consumption. Meanwhile, non-food prices rose at a softer rate (0.9% vs 1.5%), with transport costs up more modestly (0.4% vs 4.1%) after a government fuel-price cut and easing global energy costs as Middle East supply disruptions subsided. Education costs also eased (1.3% vs 1.4%) while housing cost fell further (-0.3% vs -0.3%). In contrast, clothing inflation was stable (at 1.4%), and healthcare prices accelerated (2.9% vs 2.3%). Core inflation, excluding food and energy, rose 0.9% yoy, after June's 1.0%. Monthly, consumer prices fell 0.1%, defying consensus for a 0.2% gain and following a 0.3% fall in June.
2026-08-09