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. source: National Bureau of Statistics of China

Producer Prices in China increased 0.50 percent in March of 2026 over the same month in the previous year. Producer Prices Change in China averaged 2.51 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 April of 2026.

Producer Prices in China increased 0.50 percent in March of 2026 over the same month in the previous year. Producer Prices Change in China is expected to be -0.40 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
2026-03-09 01:30 AM
PPI YoY
Feb -0.9% -1.4% -1.1% -1.2%
2026-04-10 01:30 AM
PPI YoY
Mar 0.5% -0.9% 0.4% 0.3%
2026-05-11 01:30 AM
PPI YoY
Apr 0.5%


Related Last Previous Unit Reference
Consumer Price Index CPI 100.80 101.50 points Mar 2026
Core Consumer Prices 101.10 101.80 points Mar 2026
Core Inflation Rate 1.10 1.80 percent Mar 2026
Core Inflation Rate MoM -0.70 0.70 percent Mar 2026
Food Inflation 0.30 1.70 percent Mar 2026
GDP Deflator 105.20 106.00 points Dec 2024
Inflation Rate YoY 1.00 1.30 percent Mar 2026
Inflation Rate MoM -0.70 1.00 percent Mar 2026
Producer Price Inflation MoM 1.00 0.40 percent Mar 2026
Producer Prices 101.50 100.50 points Mar 2026
PPI YoY 0.50 -0.90 percent Mar 2026
Rent Inflation -0.50 -0.50 percent Mar 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
0.50 -0.90 26.00 -8.20 1993 - 2026 percent Monthly
NSA

News Stream
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
China Producer Prices Fall the Least Since 2024
China’s producer prices fell 0.9% year-on-year in February 2026, easing from a 1.4% decline in January and better than market expectations of a 1.1% drop. It marked the mildest decline since July 2024, buoyed by stronger prices in advanced and emerging sectors and by capacity management in key industries. Chinese Premier Li Qiang said that Beijing’s aim for “an appropriate rebound” in prices is one of the key considerations for monetary policy. Prices for production materials fell at a slower pace (-0.7% vs -1.3% in January), with deflation easing for raw materials (-1.9% vs -2%) and intermediate goods (-5.3% vs -8.1%), while prices recovered for processed goods (0.3% vs -0.4%). Consumer goods prices also declined more gradually (-1.6% vs -1.7%), particularly for clothing (-1.0% vs -0.7%), food (-1.8% vs -1.9%), and durable goods (-1.6% vs -1.8%), while deflation for daily-use items remained steady at 1.8%. On a monthly basis, producer prices stood at 0.4%, unchanged from January.
2026-03-09
China Producer Prices Fall the Least in 1-1/2 Years
China’s producer prices dropped 1.4% year-on-year in January 2026, slowing from a 1.9% fall in December and extending the contraction to a 40th consecutive month. The latest reading was slightly below market expectations of a 1.5% fall, marking the mildest decline since July 2024, reflecting Beijing’s continued efforts to rein in excessive price competition. Production material prices fell much more slowly (-1.3% vs -2.1% in December 2025), with decreases softening in raw materials (-2.0% vs -2.6%) and processing (-0.4% vs -1.6%), while mining dropped at a faster pace (-8.1% vs -4.7%). Consumer goods prices declined at a faster pace (-1.7% vs -1.3%), driven by steeper falls in clothing (-0.7% vs -0.1%) and food prices (-1.9% vs -1.5%), while durable goods remained weak (-1.8% vs -3.5%). Also, the costs of daily-use goods fell faster (-1.8% vs 1.4%). Monthly, the PPI rose 0.4% in January, accelerating from a 0.2% rise in December, marking the fastest increase since September 2023.
2026-02-11