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%. 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.