China's producer prices declined by 2.1 percent year-on-year in October 2020, the same as in the prior month and compared with market estimates of a 2.0 percent fall. This was the ninth straight month of falling factory gate prices, amid the prolonged impact of the COVID-19 crisis. Means of production continued to fall (-2.7 percent vs -2.8 percent in September), due to extraction (-5.1 percent vs -4.8 percent), raw materials (-6.0 percent vs -6.2 percent) and processing (-1.2 percent vs -1.3 percent). At the same time, prices of consumer goods fell further (-0.5 percent vs -0.1 percent in September), as cost decreased for clothing (-1.7 percent vs -1.7 percent), daily use goods (-0.7 percent vs -0.8 percent), and consumer durables (-1.8 percent vs -1.9 percent). Inflation also eased for food production (0.8 percent vs 2.1 percent). source: National Bureau of Statistics of China

Producer Prices Change in China averaged 1.13 percent from 1995 until 2020, reaching an all time high of 13.47 percent in July of 1995 and a record low of -8.20 percent in July of 2009. This page provides the latest reported value for - China Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Producer Prices Change in China is expected to be -0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in China to stand at 0.70 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-2.10 -2.10 13.47 -8.20 1995 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-10 01:30 AM Jul -2.4% -3% -2.5% -2.4%
2020-09-09 01:30 AM Aug -2% -2.4% -2% -1.5%
2020-10-15 01:30 AM Sep -2.1% -2% -1.8% -1.8%
2020-11-10 01:30 AM Oct -2.1% -2.1% -2% -1.8%
2020-12-09 01:30 AM Nov -2.1%
2021-01-09 01:30 AM Dec
2021-02-10 01:30 AM Jan
2021-03-10 01:30 AM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
China Producer Prices Fall for 9th Month
China's producer prices declined by 2.1 percent year-on-year in October 2020, the same as in the prior month and compared with market estimates of a 2.0 percent fall. This was the ninth straight month of falling factory gate prices, amid the prolonged impact of the COVID-19 crisis. Means of production continued to fall (-2.7 percent vs -2.8 percent in September), due to extraction (-5.1 percent vs -4.8 percent), raw materials (-6.0 percent vs -6.2 percent) and processing (-1.2 percent vs -1.3 percent). At the same time, prices of consumer goods fell further (-0.5 percent vs -0.1 percent in September), as cost decreased for clothing (-1.7 percent vs -1.7 percent), daily use goods (-0.7 percent vs -0.8 percent), and consumer durables (-1.8 percent vs -1.9 percent). Inflation also eased for food production (0.8 percent vs 2.1 percent).
2020-11-10
China Producer Prices Fall More than Estimated
China's producer prices declined by 2.1 percent year-on-year in September 2020, compared with market estimates of a 1.8 percent drop and after a 2 percent decrease in August. This was the eighth straight month of falling factory prices, amid the prolonged impact of the COVID-19 crisis. Means of production continued to fall (-2.8 percent vs -3 percent in August), due to extraction (-4.8 percent vs -5.8 percent), raw materials (-6.2 percent vs -6.4 percent) and processing (-1.3 percent vs -1.4 percent). At the same time, prices of consumer goods fell by 0.1 percent, after a 0.6 percent gain in August, as cost decreased further for clothing (-1.7 percent vs -1.3 percent), daily use goods (-0.8 percent vs -0.4 percent), and consumer durables (-1.9 percent vs -1.5 percent). Inflation also eased for food production (2.1 percent vs 3.1 percent).
2020-10-15
China Producer Prices Fall the Least in 5 Months
China's producer prices declined by 2 percent year-on-year in August 2020, after a 2.4 percent decrease in July and matching market estimates. This was the seventh straight month of fall in factory prices but the smallest in five months, as the economy continues to try to recover from the severe damage caused by the COVID-19 outbreak. Means of production cost deflation eased (-3 percent vs -3.5 percent in July) due to extraction (-5.8 percent vs -7.1 percent), raw materials (-6.4 percent vs -6.9 percent) and processing (-1.4 percent vs -1.8 percent). At the same time, consumer goods price inflation slowed to 0.6 percent from 0.7 percent in July, amid a slowdown in cost of food productions (3.1 percent vs 3.7 percent), while prices continued to fall for clothing (-1.3 percent vs -1.1 percent), daily use goods (-0.4 percent vs -0.8 percent) and consumer durables (-1.5 percent vs -1.6 percent).
2020-09-09
China Producer Prices Fall at Softer Rate
China's producer prices declined by 2.4 percent from a year earlier in July 2020, following a 3 percent decrease in June and compared with market estimates of a 2.5 percent drop. This was the sixth straight month of fall in factory prices, but the smallest in four months as the economy tries to recover from the damage caused by the COVID-19 outbreak. Means of production cost deflation eased (-3.5 percent vs -4.2 percent in June) due to extraction (-7.1 percent vs -10.5 percent), raw materials (-6.9 percent vs -8.5 percent) and processing (-1.8 percent vs -2 percent). At the same time, consumer goods price inflation rose to 0.7 percent from 0.6 percent in June, boosted by cost of food productions (3.7 percent vs 3.2 percent), while prices continued to fall for clothing (-1.1 percent vs -0.8 percent), daily use goods (-0.8 percent vs -0.3 percent) and consumer durables (-1.6 percent vs -1.8 percent).
2020-08-10

China Producer Prices Change
In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.