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%. source: National Bureau of Statistics of China
Producer Prices Change in China averaged 1.17 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 June of 2021.
Producer Prices Change in China is expected to be 9.50 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 4.70 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.