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.

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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
9.50 9.00 13.47 -8.20 1995 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 01:30 AM May 9% 6.8% 8.5% 8.4%
2021-07-09 01:30 AM Jun 8.8% 9% 8.8% 8.9%
2021-08-09 01:30 AM Jul 9% 8.8% 8.8% 8.7%
2021-09-09 01:30 AM Aug 9.5% 9% 9% 9.1%
2021-10-14 01:30 AM Sep 9.5%
2021-11-10 01:30 AM Oct
2021-12-09 01:30 AM Nov


News Stream
China Producer Prices Rise the Most in 13 Years
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%, after a 0.9% gain in July.
2021-09-09
China Producer Prices Rise More than Forecast
China's producer prices were up 9.0% year-on-year in July 2021, compared with market expectations and June's figure of an 8.8% gain. This was the seventh straight month of increase in factory gate prices, amid rising commodity prices and extreme weather. Prices of means of production rose slightly faster (12% vs 11.8% in June), led by extraction (38.7% vs 35.1%), raw materials (17.9 % vs 18%), and processing (7.5% vs 7.4%). At the same time, prices of consumer goods were stable (at 0.3%), as inflation was unchanged for daily use goods (at 0.5%), with food production continuing to rise(1% vs 1.4%) while both clothing (-0.4% vs -0.6%) and consumer durables (-0.3% vs -0.6%) falling further. On a monthly basis, producer prices went up 0.9%.
2021-08-09
China Producer Inflation Slows
China's producer prices rose by 8.8% year-on-year in June 2021, after a 9.0% gain in the prior month and in line with market expectations. This was the sixth straight month of increase in factory gate prices, amid a further recovery in domestic production and rising commodity prices. Cost of means of production rose slightly softer (11.8% vs 12% in May), led by extraction (35.1% vs 36.4%), raw materials (18% vs 18.8%), and processing (7.4% vs 7.4%). Also, prices of consumer goods slowed (0.3% vs 0.5%), mainly due to food productions (1.4% vs 2.2%) and daily use goods (0.3% vs 0.5%), while both clothing (-0.8% vs -0.6%) and consumer durables (-0.6% vs -0.8%) fell further. On a monthly basis, producer prices went up 0.3%.
2021-07-09
China Producer Prices Rise the Most Since 2008
China's producer prices rose by 9.0% year-on-year in May 2021, accelerating from a 6.8% gain in the prior month and above market expectations of 8.5%. This was the fifth straight month of increase in factory gate prices and the steepest pace since September 2008, amid a faster recovery in domestic production and rising commodity prices. Prices of means of production went up much faster (12% vs 9.1% in April), boosted by extraction (36.4% vs 24.9%), raw materials (18.8% vs 15.2%), and processing (7.4% vs 5.4%). In addition, prices of consumer goods increased more (0.5% vs 0.3%), mainly led by both food productions (2.2% vs 1.8%) and daily use goods (0.5% vs 0.3%), while both clothing (-0.6% vs -0.6%) and consumer durables (-0.8% vs -0.9%) fell further. On a monthly basis, producer prices went up 1.6%.
2021-06-09

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.