China's producer prices increased by 9.5% year-on-year in August 2021, compared with market expectations and July's figure of a 9% gain. This was the eighth straight month of increase in factory gate prices and the steeper pace since August 2008, amid rising commodity prices and despite Beijing's efforts to cool them. Prices of means of production rose faster (12.7% vs 12% in July), led by extraction (41.8% vs 38.7%), raw materials (18.3% vs 17.9 %), and processing (8% vs 7.5%). At the same time, prices of consumer goods were stable for the third month in a row (at 0.3%), with cost slowing for both daily use goods (0.1% vs 0.5%) and food production (0.9% vs 1%) while continuing to fall for consumer durables (-0.1% vs -0.3%) and being flat for clothing (vs -0.4% in July). On a monthly basis, producer prices went up 0.7%. source: National Bureau of Statistics of China
Producer Prices Change in China averaged 1.25 percent from 1995 until 2021, 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 September of 2021.
Producer Prices Change in China is expected to be 10.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Producer Prices Change is projected to trend around 2.00 percent in 2022, according to our econometric models.