China Inflation Rate

The inflation rate in China was recorded at 2.40 percent in March of 2014. Inflation Rate in China is reported by the National Bureau of Statistics of China. Inflation Rate in China averaged 5.76 Percent from 1986 until 2014, reaching an all time high of 28.40 Percent in February of 1989 and a record low of -2.20 Percent in April of 1999. In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
2.40 2.00 28.40 -2.20 2.48 | 2014/04 1986 - 2014 Percent Monthly

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China Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-09 01:30 AM China
Inflation Rate YoY
Dec 2013 2.5% 3% 2.7% 3.25%
2014-02-14 01:30 AM China
Inflation Rate YoY
Jan 2014 2.5% 2.5% 2.4% 3.27%
2014-03-09 01:30 AM China
Inflation Rate YoY
Feb 2014 2.0% 2.5% 2.0% 2.4%
2014-04-11 02:30 AM China
Inflation Rate YoY
Mar 2014 2.4% 2.0% 2.5% 2.25%
2014-05-09 01:30 AM China
Inflation Rate YoY
Apr 2014 2.4% 2.48%
2014-06-10 01:30 AM China
Inflation Rate YoY
May 2014 2.33%
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Prices Last Previous Highest Lowest Forecast Unit
Consumer Price Index (CPI) 102.40 2014-03-15 102.00 128.40 97.80 102.25 2014-04-30 Index Points [+]
Core Consumer Prices 101.70 2014-03-15 101.70 102.50 98.40 101.85 2014-04-30 Index Points [+]
Core Inflation Rate 1.70 2014-03-15 1.70 2.50 -1.60 1.83 2014-04-30 Percent [+]
Export Prices 100.10 2013-12-15 97.80 111.90 90.70 100.02 2014-01-31 Index Points [+]
GDP Deflator 588.21 2012-06-29 576.71 588.21 100.00 589.52 2012-12-31 Index Points [+]
Import Prices 98.60 2013-12-15 98.70 122.70 79.60 97.48 2014-01-31 Index Points [+]
Inflation Rate Mom -0.50 2014-03-15 0.50 2.60 -1.80 -0.42 2014-04-30 Percent [+]
Producer Prices 97.70 2014-03-15 98.00 113.47 91.80 97.69 2014-04-30 Index Points [+]
Producer Prices Change -2.30 2014-03-15 -2.00 13.47 -8.20 -1.39 2014-04-30 Percent [+]
Inflation Rate 2.40 2014-03-15 2.00 28.40 -2.20 2.48 2014-04-30 Percent [+]
[+]


China Inflation Rate Accelerates in March

Higher fresh food prices boosted Chinese annual consumer prices up to 2.4 percent in March of 2014, after slowing to 2 percent in the previous month. On a monthly basis, prices fell 0.5 percent.

The highest upward pressure came from food cost, which accelerated to an annual 4.1 percent from 2.7 percent in February. Fruit prices rose 17.3 percent and vegetables went up 12.9 percent, while prices of pork fell for the third straight month by 6.7 percent. 

Prices of consumer goods increased at a faster 2.2 percent, clothing cost accelerated slightly to 2.3 percent and healthcare prices edged up 1.2 percent.

Downward pressures came from transport, communication and tobacco (prices fell 0.4 percent and 0.7 percent year-on-year, respectively). 

On a monthly basis, food prices dropped 1.6 percent and non-food cost increased 0.1 percent. 

The CPI rose 2.3 percent in the first quarter of 2014 compared with the same period a year earlier, down from 2.9 percent in the previous quarter and below the government’s target of 3.5 percent inflation in 2014.

Joana Taborda | joana.taborda@tradingeconomics.com
4/11/2014 8:49:44 AM

RECENT RELEASES

China Inflation Decelerates in February
Chinese annual inflation rate slowed to 2 percent in February after growing 2.5 percent in each of previous two months. It was the lowest rate in thirteen months. Published on 2014-03-10

China Annual Inflation Rate Rises 2.5% in January
China's consumer prices rate held steady at 2.5 percent in January, while producer prices fell 1.6 percent, official data from the National Bureau of Statistics showed. Published on 2014-02-14


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


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