China's producer price inflation eased to a 14-month low of 6.4% yoy in May 2022 from 8.0% in the prior and matching market consensus. The latest figure represented the 17th straight month of slowing producer prices, amid weak demand for steel, aluminium, and other key industrial commodities due to strict COVID-19 restrictions. Cost of means of production moderated (8.1% vs 10.3% in April), led by extraction (29.7% vs 38.3%), raw materials (15.1% vs 17.4%), and processing (3.2% vs 4.8%). Meantime, consumer goods inflation edged up (1.2% vs 1.0%), with prices growing further for food (2.2% vs 1.6%), daily use goods (1.5% vs 1.8%), and clothing (1.2% vs 0.7%) while cost of consumer durable fell further (-0.1% vs -0.1%). On a monthly basis, producer prices increased by 0.1%, after a 0.6% gain in April. Considering the first five months of the year, China's factory gate prices grew by 8.1%. source: National Bureau of Statistics of China

Producer Prices Change in China averaged 1.49 percent from 1995 until 2022, reaching an all time high of 13.50 percent in October of 2021 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 2022.

Producer Prices Change in China is expected to be 8.00 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 3.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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China Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-05-11 01:30 AM Apr 8.0% 8.3% 7.7% 8%
2022-06-10 01:30 AM May 6.4% 8% 6.4% 7.9%
2022-07-09 01:30 AM Jun 6.4% 7.1%


Related Last Previous Unit Reference
Inflation Rate 2.10 2.10 percent May 2022
Inflation Rate Mom -0.20 0.40 percent May 2022
Consumer Price Index CPI 102.70 102.90 points May 2022
Core Inflation Rate 0.90 0.90 percent May 2022
Core Consumer Prices 100.90 100.90 points May 2022
GDP Deflator 696.46 689.46 points Dec 2020
Producer Prices 114.30 108.50 points May 2022
Producer Prices Change 6.40 8.00 percent May 2022
Food Inflation 2.30 1.90 percent May 2022

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
6.40 8.00 13.50 -8.20 1995 - 2022 percent Monthly
NSA

News Stream
China Producer Inflation Slows to 14-Month Low
China's producer price inflation eased to a 14-month low of 6.4% yoy in May 2022 from 8.0% in the prior and matching market consensus. The latest figure represented the 17th straight month of increase in producer prices, amid weak demand for steel, aluminium, and other key industrial commodities due to strict COVID-19 restrictions. Cost of means of production moderated (8.1% vs 10.3% in April), led by extraction (29.7% vs 38.3%), raw materials (15.1% vs 17.4%), and processing (3.2% vs 4.8%). Meantime, consumer goods inflation edged up (1.2% vs 1.0%), with prices growing further for food (2.2% vs 1.6%), daily use goods (1.5% vs 1.8%), and clothing (1.2% vs 0.7%) while cost of consumer durable fell further (-0.1% vs -0.1%). On a monthly basis, producer prices increased by 0.1%, after a 0.6% gain in April. Considering the first five months of the year, China's factory gate prices grew by 8.1%.
2022-06-10
China Producer Prices Rise the Least in a Year
China's producer price inflation eased to a 12-month low of 8.0% yoy in April 2022 from 8.3% in the prior but above market consensus of 7.7%. The latest figure represented the 16th straight month of increase in producer prices and highlighted government measures to stabilize surging commodity prices amid tighter and wider coronavirus controls in some key cities. Cost of means of production continued to rise (10.3% vs 10.7% in March), led by extraction (38.3% vs 38.0%), raw materials (17.4%vs 16.7%), and processing (4.8% vs 5.7%). Meantime, consumer goods inflation edged up (1% vs 0.9%), with prices growing further for food (1.6% vs 0.8%), daily use goods (1.8% vs 1.9%), and clothing (0.7% vs 0.8%) while cost of consumer durable fell (-0.1% vs 0.3%). On a monthly basis, producer prices increased by 0.6%, after a 1.1% gain in March. Considering the first four months of the year, China's factory gate prices grew by 8.5%.
2022-05-11
China Producer Prices Rise More than Estimated
China's producer price inflation eased to 8.3% yoy in March 2022 from 8.8% in the prior but above market consensus of 7.9%, highlighting cost pressure caused by Russia's invasion of Ukraine and persistent supply chain disruptions. That said, the latest figure marked the 15th straight month of increase in producer prices, as cost of means of production continued to rise (10.7% vs 11.4% in February), led by extraction (38.0% vs 33.0%), raw materials (16.7%vs 17.9%), and processing (5.7% vs 6.6%). Meantime, consumer goods inflation was unchanged (at 0.9%), with prices continuing to rise for food (0.8% vs 0.5%), daily use goods (1.9% vs 1.5%), and clothing (0.8% vs 1.4%) while cost of consumer durable eased (0.3% vs 0.7%). On a monthly basis, producer prices increased by 1.1% in March, after a 0.5% gain in February. Considering the first three months of the year, China's factory gate prices grew by 8.7%.
2022-04-11