China’s annual producer price inflation accelerated to 5.0% in September 2026 from 3.8% in August, exceeding expectations of a 4.5% increase. This marked the strongest reading since June 2022, as higher fuel prices drove up business costs. Prices of production materials accelerated to 6.5% from 5.0%, driven by faster increases in mining (25.4% vs 17.8%), raw materials (9.4% vs 6.7%) and processing (3.4% vs 3.1%). Meanwhile, consumer goods prices fell 0.1%, easing from a 0.5% decline in August, as food prices fell 1.8%, clothing dropped 1.2% and daily-use goods decreased 0.6%, while durable goods prices rose 1.6%. Among major industries, prices increased sharply in coal mining (35.3%), oil and gas extraction (24.5%) and non-ferrous metal smelting (21.4%). On a monthly basis, the PPI rose 1.2%, its biggest increase since April, accelerating from August’s 0.4% gain. In the first nine months of the year, producer prices increased 2.3% compared to the same period last year. source: National Bureau of Statistics of China

Producer Prices in China increased 5 percent in September of 2026 over the same month in the previous year. Producer Prices Change in China averaged 2.53 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 October of 2026.

Producer Prices in China increased 5 percent in September of 2026 over the same month in the previous year. Producer Prices Change in China is expected to be 4.20 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 1.50 percent in 2027 and 1.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-09 01:30 AM
PPI YoY
Aug 3.8% 3.5% 3.7% 3.6%
2026-10-14 01:30 AM
PPI YoY
Sep 5% 3.8% 4.5% 4.3%
2026-11-09 01:30 AM
PPI YoY
Oct 5% 5.2%


Related Last Previous Unit Reference
Consumer Price Index CPI 101.10 100.90 points Sep 2026
Core Consumer Prices 101.00 101.00 points Sep 2026
Core Inflation Rate 1.00 1.00 percent Sep 2026
Core Inflation Rate MoM 0.00 0.10 percent Sep 2026
Food Inflation -1.70 -1.40 percent Sep 2026
GDP Deflator 104.20 105.10 points Dec 2025
Inflation Rate YoY 0.90 0.80 percent Sep 2026
Inflation Rate MoM 0.20 0.40 percent Sep 2026
Producer Price Inflation MoM 1.20 0.40 percent Sep 2026
Producer Prices 104.30 103.10 points Sep 2026
PPI YoY 5.00 3.80 percent Sep 2026
Rent Inflation -0.60 -0.60 percent Sep 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
5.00 3.80 26.00 -8.20 1993 - 2026 percent Monthly
NSA

News Stream
China Producer Inflation Hits Over 4-Year High
China’s annual producer price inflation accelerated to 5.0% in September 2026 from 3.8% in August, exceeding expectations of a 4.5% increase. This marked the strongest reading since June 2022, as higher fuel prices drove up business costs. Prices of production materials accelerated to 6.5% from 5.0%, driven by faster increases in mining (25.4% vs 17.8%), raw materials (9.4% vs 6.7%) and processing (3.4% vs 3.1%). Meanwhile, consumer goods prices fell 0.1%, easing from a 0.5% decline in August, as food prices fell 1.8%, clothing dropped 1.2% and daily-use goods decreased 0.6%, while durable goods prices rose 1.6%. Among major industries, prices increased sharply in coal mining (35.3%), oil and gas extraction (24.5%) and non-ferrous metal smelting (21.4%). On a monthly basis, the PPI rose 1.2%, its biggest increase since April, accelerating from August’s 0.4% gain. In the first nine months of the year, producer prices increased 2.3% compared to the same period last year.
2026-10-14
China Producer Inflation Above Forecasts
China’s producer inflation accelerated to 3.8% yoy in August 2026, up from July’s three-month low of 3.5% and surpassing market estimates of 3.7%, as energy prices continued to rise amid global oil shocks related to disruptions in the Strait of Hormuz. Prices of production materials inflation accelerated (5.0% vs 4.8% in July), supported by faster increases in the cost of mining (17.8% vs 16.4%) and raw materials (6.7% vs 6.1%), while processing increased at the same pace (3.1%). Meanwhile, consumer goods prices fell at a softer pace (-0.5% vs -0.8%), as prices fell further for food (-2.3% vs -2.1%), clothing (-1.2% vs -1.1%), and daily-use goods (-0.8% vs -1.0%), while durable goods prices picked up (1.2% vs 0.4%). On a monthly basis, producer prices rose 0.4%, recovering from a 0.7% drop in July. In the first eight months of the year, producer prices rose 2.0%, faster than the 1.8% gain in the previous period.
2026-09-09
China Producer Prices Rise the Least in 3 Months
China’s producer prices rose 3.5% yoy in July 2026, slowing from a 4.1% gain in the previous month and falling short of market estimates of 3.8%. It was also the lowest producer inflation since April amid weak domestic demand and fading energy cost pressures as global oil shocks tied to disruptions in the Strait of Hormuz began to ease. Prices of production materials continued to rise, albeit at a milder rate (4.8% vs 5.5% in June) due to further increases in the cost of mining (16.4% vs 16.5%), raw materials (6.1% vs 8.6%), and processing (3.1% vs 3.0%). Meanwhile, consumer goods prices remained weak (-0.8% vs -0.9%), as prices fell further for food (-2.1% vs -2.1%), clothing (-1.1% vs -1.0%), and daily-use goods (-1.0% vs -1.0%), while durable goods prices picked up (0.4% vs 0.1%). On a monthly basis, producer prices fell 0.7%, faster than a 0.3% drop in June. In the first seven months of the year, producer prices rose 1.8%, steeper than a 1.5% gain in the prior period.
2026-08-09