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. source: National Bureau of Statistics of China

Producer Prices in China decreased 1.40 percent in January 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 February of 2026.

Producer Prices in China decreased 1.40 percent in January of 2026 over the same month in the previous year. Producer Prices Change in China is expected to be -1.00 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 0.60 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-09 01:30 AM
PPI YoY
Dec -1.9% -2.2% -2% -1.7%
2026-02-11 01:30 AM
PPI YoY
Jan -1.4% -1.9% -1.5% -1.7%
2026-03-09 01:30 AM
PPI YoY
Feb -1.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 103.90 103.70 points Jan 2026
Core Consumer Prices 100.80 101.20 points Jan 2026
Core Inflation Rate 0.80 1.20 percent Jan 2026
Core Inflation Rate MoM 0.30 0.20 percent Jan 2026
Food Inflation -0.70 1.10 percent Jan 2026
GDP Deflator 105.20 106.00 points Dec 2024
Inflation Rate YoY 0.20 0.80 percent Jan 2026
Inflation Rate MoM 0.20 0.20 percent Jan 2026
Producer Price Inflation MoM 0.40 0.20 percent Jan 2026
Producer Prices 103.90 103.60 points Jan 2026
PPI YoY -1.40 -1.90 percent Jan 2026
Rent Inflation -0.40 -0.30 percent Jan 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
-1.40 -1.90 26.00 -8.20 1993 - 2026 percent Monthly
NSA

News Stream
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
China Producer Deflation Hits 16-Month Low
China’s producer prices fell 1.9% year-on-year in December 2025, easing from a 2.2% decline in November and extending the contraction to a 39th consecutive month. The latest reading was slightly above market expectations of a 2.0% drop, marking the mildest decline since August 2024, reflecting Beijing’s continued efforts to rein in excessive price competition. Consumer goods prices dropped a bit slower (-1.3% vs -1.5% in November), driven by milder falls in durable goods (-3.5% vs -3.6%) and clothing (-0.1% vs -0.3%), while food prices remained weak (-1.5% vs -1.5%). In contrast, costs of daily-use goods rose slightly faster (1.4% vs 1.1%). At the same time, production material prices fell more slowly (-2.1% vs -2.4%), with decreases softening in mining (-4.7% vs -6.1%), raw materials (-2.6% vs -2.9%), and processing (-1.6% vs -1.9%). For the full year of 2025, producer prices shrank 2.6%. Monthly, the PPI rose 0.2% in December, after edging up 0.1% in the previous two months.
2026-01-09
China Producer Prices Drop More than Expected
China’s producer prices fell 2.2% year-on-year in November 2025, slightly accelerating from a 2.1% decline in October and marking the 38th consecutive month of contraction. The result came in slightly worse than market expectations of a 2.0% decline, reflecting ongoing price competition and persistently weak domestic demand. Consumer goods prices declined at a faster pace in November (-1.5% vs -1.4% in October), driven by steeper falls in durable goods (-3.6% vs -3.2%), while food (-1.5% vs -1.6%) and clothing (-0.3% vs -0.3%) continued to drop modestly. In contrast, costs of daily-use goods rose slightly faster (1.1% vs 1.0%). Meanwhile, production material prices remained weak (-2.4% vs -2.4%), with persistent declines in mining (-6.1% vs -7.8%), raw materials (-2.9% vs -2.5%), and processing (-1.9% vs -1.9%). During the first eleven months of the year, producer prices shrank 2.7%. Monthly, the PPI inched up 0.1%, the same pace as in October.
2025-12-10