China’s producer prices increased 3.9% year-on-year in May 2026, accelerating from a 2.8% rise in the previous month and matching market forecasts. It was the third consecutive monthly increase and the fastest pace since July 2022, driven by soaring global commodity and energy prices amid supply disruptions stemming from the war in Iran. Beijing’s efforts to cut excess industrial capacity and curb intense price competition also helped lift factory-gate prices. Production material costs accelerated (5.2% vs 3.8% in April), driven by stronger increases in mining (15.8% vs 10.8%), raw materials (9.2% vs 7.1%), and processing (2.3% vs 1.5%). A decline in consumer goods prices eased (-0.8% vs -1.0%), despite continued decreases in food prices (-1.8% vs -1.9%), clothing (-1.0% vs -1.1%), and daily-use goods (-1.0% vs -1.1%), while durable goods prices were unchanged (vs 0.3%). For the first five months of the year, PPI climbed 1.0%. Monthly, PPI rose 0.5%, easing from a 1.7% gain in April. source: National Bureau of Statistics of China

Producer Prices in China increased 3.90 percent in May of 2026 over the same month in the previous year. Producer Prices Change in China averaged 2.52 percent from 1993 until 2026, reaching an all time high of 26.00 percent in May of 1993 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 June of 2026.

Producer Prices in China increased 3.90 percent in May of 2026 over the same month in the previous year. Producer Prices Change in China is expected to be 3.50 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 0.50 percent in 2027 and 0.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-11 01:30 AM
PPI YoY
Apr 2.8% 0.5% 1.5% 1.7%
2026-06-10 01:30 AM
PPI YoY
May 3.9% 2.8% 3.9% 3.8%
2026-07-09 01:30 AM
PPI YoY
Jun 3.9% 3.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 100.90 101.00 points May 2026
Core Consumer Prices 101.10 101.20 points May 2026
Core Inflation Rate 1.10 1.20 percent May 2026
Core Inflation Rate MoM -0.10 0.20 percent May 2026
Food Inflation -1.70 -1.60 percent May 2026
GDP Deflator 105.20 106.00 points Dec 2024
Inflation Rate YoY 1.20 1.20 percent May 2026
Inflation Rate MoM -0.10 0.30 percent May 2026
Producer Price Inflation MoM 0.50 1.70 percent May 2026
Producer Prices 103.80 103.20 points May 2026
PPI YoY 3.90 2.80 percent May 2026
Rent Inflation -0.60 -0.60 percent May 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.90 2.80 26.00 -8.20 1993 - 2026 percent Monthly
NSA

News Stream
China Producer Inflation Nears 4-Year High
China’s producer prices increased 3.9% year-on-year in May 2026, accelerating from a 2.8% rise in the previous month and matching market forecasts. It was the third consecutive monthly increase and the fastest pace since July 2022, driven by soaring global commodity and energy prices amid supply disruptions stemming from the war in Iran. Beijing’s efforts to cut excess industrial capacity and curb intense price competition also helped lift factory-gate prices. Production material costs accelerated (5.2% vs 3.8% in April), driven by stronger increases in mining (15.8% vs 10.8%), raw materials (9.2% vs 7.1%), and processing (2.3% vs 1.5%). A decline in consumer goods prices eased (-0.8% vs -1.0%), despite continued decreases in food prices (-1.8% vs -1.9%), clothing (-1.0% vs -1.1%), and daily-use goods (-1.0% vs -1.1%), while durable goods prices were unchanged (vs 0.3%). For the first five months of the year, PPI climbed 1.0%. Monthly, PPI rose 0.5%, easing from a 1.7% gain in April.
2026-06-10
China Producer Prices Rise the Most in Near 4 Years
China’s producer prices rose 2.8% yoy in April 2026, picking up from a 0.5% gain in the prior month and beating market forecasts of 1.5%. It marked a second consecutive monthly gain and the fastest pace since July 2022, fueled by surging global commodity and energy prices amid supply disruptions from the war in Iran. Beijing’s efforts to cut excess industrial capacity and curb intense price competition also helped lift factory-gate prices. Production material costs quickened (3.8% vs 1.0% in March), led by steeper rises in mining (10.8% vs 2.0%), raw materials (7.1% vs 1.1%), and processing (1.5% vs 0.9%). A fall in consumer goods prices eased (-1.0% vs -1.3%), despite continued drops in food (-1.9% vs -1.7%), clothing (-1.1% vs -1.1%), daily-use goods (-1.1% vs -1.4%), and durable goods (-0.3% vs -1.0%). For the first four months of the year, producer prices rose 0.2%, reversing a 0.6% drop in January–March. Monthly, producer prices gained 1.7%, the fastest since October 2021.
2026-05-11
China Producer Prices Rise for First Time in 3 Years
China’s producer prices rose 0.5% year-on-year in March 2026, beating expectations of a 0.4% gain and reversing a 0.9% decline in February. This marked the first increase since September 2022, ending its longest deflationary streak in decades, mainly driven by a sharp rise in global commodity prices, particularly energy, alongside improved supply-demand conditions in certain domestic industries. Prices rebounded for production materials (1.0% vs -0.7% in February), particularly in intermediate goods (2.0% vs -5.3%) and raw materials (1.1% vs -1.9%), while processed goods rose at a faster pace (0.9% vs 0.3%). Consumer goods deflation also eased (-1.3% vs -1.6%), with softer declines in food (-1.7% vs -1.8%), daily-use items (-1.4% vs -1.8%), and durable goods (-1.0% vs -1.6%). Meanwhile, clothing costs continued to drop (-1.1% vs -1.0%). On a monthly basis, producer prices rose 1.0%, the strongest since 2022, following gains of 0.4% in each of the previous two months.
2026-04-10