China's producer prices dropped by 0.4 percent from a year earlier in December, slowing from a 1.5 percent fall in November and compared with market estimates of a 0.8 percent decline. This was the eleventh straight month of falling factory gate prices but the smallest since February, amid signs that the economy continued to recover from the COVID-19 crisis. Prices of means of production declined at a softer rate (-0.5% vs -1.8% in November), as cost of extraction (-0.4% vs -3.6%) and raw materials (-1.6% vs -4.2%) fell less, while processing prices were flat after falling 0.8%. At the same time, prices of consumer goods decreased at a slower pace (-0.4% vs -0.8%), as cost decreased for clothing (-1.8% vs -1.8%), daily use goods (-0.4% vs -0.5%), and consumer durables (-1.8% vs -1.8%). Meanwhile, inflation accelerated sharply for food production (0.9% vs 0.1%). For full 2020, producer prices fell 1.8%. source: National Bureau of Statistics of China
Producer Prices Change in China averaged 1.12 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 January of 2021.
Producer Prices Change in China is expected to be -0.10 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 1.50 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 2.00 percent in 2022, according to our econometric models.