China's producer price index rose by 0.1 percent year-on-year in January 2020, after a 0.5 percent fall in the previous month and in line with market estimates. This was the highest producer inflation since May 2019, snapping 6 months of annual declines. Prices of consumer goods rose 1.3%, the same as in December, mainly due to food production (5.1% vs 5%), while prices of daily use goods were flat (vs 0.1%) and cost of clothing continued to fall (-0.3% vs -0.1%). At the same time, cost of means of production fell much less (-0.4% vs -1.2%), mainly due to raw materials (-0.8% vs -2.6%), processing (-0.6% vs -0.9%), and extraction prices rose more (4.7% vs 2.6%). Also, prices of consumer durable goods dropped 2.3%, following a 2.4% fall in December. On a monthly basis, producer prices were flat in January, the same as in December.
Producer Prices Change in China averaged 1.24 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. source: National Bureau of Statistics of China
Producer Prices Change in China is expected to be 1.40 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 1.90 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 1.30 percent in 2021, according to our econometric models.