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.

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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
9.00 6.80 13.47 -8.20 1995 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-10 01:30 AM Feb 1.7% 0.3% 1.5% 1.7%
2021-04-09 01:30 AM Mar 4.4% 1.7% 3.5% 2%
2021-05-11 01:30 AM Apr 6.8% 4.4% 6.5% 6.5%
2021-06-09 01:30 AM May 9% 6.8% 8.5% 8.4%
2021-07-09 01:30 AM Jun 9% 9.5%
2021-08-09 01:30 AM Jul
2021-09-09 01:30 AM Aug
2021-10-14 01:30 AM Sep
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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 Rise the Most since 2017
China's producer prices rose by 6.8% year-on-year in April 2021, accelerating from a 4.4% gain in the prior month and above market expectations of 6.5%. This was the fourth straight month of increase in factory gate prices and the steepest pace since October 2017, amid a steady recovery in domestic production and rising commodity prices. Prices of means of production rose much faster (9.1% vs 5.8% in March), boosted by extraction (24.9% vs 12.3%), processing (5.4% vs 3.4%), and raw materials (15.2% vs 10.1%). At the same time, prices of consumer goods went up faster (0.3% vs 0.1%), led by food productions (1.8% vs 2%), while prices of daily use goods picked up (0.3% vs flat reading), and both clothing (-0.6% vs -0.8%) and consumer durables (-0.9% vs -1.4%) fell less. On a monthly basis, producer prices went up 0.9%.
2021-05-11
China Producer Prices Rise the Most in 32 Months
China's producer prices rose by 4.4 percent year-on-year in March 2021, accelerating from a 1.7 percent gain in the prior month and well above market expectations of a 3.5 percent rise. This was the third straight month of increase in factory gate prices and the steepest pace since July 2018, as growth in the economy continued to gather momentum. Prices of means of production rose much faster (5.8% vs 2.3% in February), boosted by extraction (12.3% vs 6.8%), processing (3.4% vs 1.7%), and raw materials (10.1% vs 2.9%). At the same time, prices of consumer goods went up 0.1% after declining 0.2% in February, led by food (2% vs 1.6%), while both clothing (-0.8% vs -1.3%) and consumer durables (-1.4% vs -1.8%) fell less, and prices of daily use goods were flat (vs-0.1% in February). On a monthly basis, producer prices went up 0.8 percent.
2021-04-09
China Producer Price Inflation at Over 2-Year High
China's producer price inflation rose to 1.7 percent year-on-year in February 2021, the highest since November 2018 and above market expectations of 1.5 percent, amid further signs of robust growth in the world's second-largest economy. Prices of means of production jumped 2.3 percent (vs 0.5 percent in January), due to higher cost for extraction (6.8 percent vs 1 percent), raw materials (2.9 percent vs -0.8 percent), and processing (1.7 percent vs 1 percent). Meanwhile, consumer goods prices continued to fall (-0.2 percent, the same as in January), led by declines in cost for consumer durables (-1.8 percent, the same as in January), clothing (-1.3 percent, the same as in January), and daily use goods (-0.1 percent vs 0.0 percent). Food productions inflation was steady at 1.6 percent. On a monthly basis, producer prices went up 0.8 percent in February, after a 1 percent rise in January.
2021-03-10

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.