China Inflation Rate  1986-2017 | Data | Chart | Calendar | Forecast

China's consumer prices rose 1.2 percent year-on-year in April of 2017, following a 0.9 percent rise in March and slightly above market consensus of a 1.1 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell less than in a month earlier. On a monthly basis, consumer prices went up 0.1 percent, after declining 0.3 percent in a month earlier while markets estimated a flat reading. Inflation Rate in China averaged 5.37 percent from 1986 until 2017, 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.

China Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-09 01:30 AM Feb 0.8% 2.5% 1.7% 1.7%
2017-04-12 01:30 AM Mar 0.9% 0.8% 1% 1%
2017-05-10 01:30 AM Apr 1.2% 0.9% 1.1% 1%
2017-06-09 01:30 AM May 1.2% 1.1%
2017-07-10 01:30 AM Jun 1.2%
2017-08-09 01:30 AM Jul 1.2%




China Inflation Rate At 3-Month High Of 1.2% In April


China's consumer prices rose 1.2 percent year-on-year in April of 2017, following a 0.9 percent rise in March and slightly above market consensus of a 1.1 percent gain. It was the highest inflation rate since January, as cost of non-food rose at a faster pace and cost of food fell less than in a month earlier.

In April, the politically sensitive food prices declined by 3.5 percent (from -4.4 percent in the prior month) while non-food cost rose 2.4 percent (from 2.3 percent). Cost of consumer goods went up 0.2 percent (from - 0.1 percent) and those of services increased by 2.9 percent (from 2.7 percent).

Among food, prices rose markedly for fresh fruits (5.9 percent from 3.0 percent). In contrast, prices fell for: pork (-8.1 percent from -3.2 percent from -0.9 percent), fresh vegetables (-21.6 percent from -27.9 percent), eggs (-11.4 percent from -11.8 percent) and tobacco (-0.2 percent from -0.2 percent). Prices were unchanged for milk (from -0.2 percent). 

For non-food categories, cost went up more than in the preceding month for: household goods and services (0.8 percent from 0.7 percent); education, culture & recreation (2.6 percent from 2.3 percent), healthcare (5.7 percent from 5.3 percent) and other goods and services (3.4 percent from 2.9 percent). Prices went up at a slower pace for: transport & communication (1.8 percent from 2.0 percent). Inflation was steady for: clothing (1.3 percent) and rent, fuel & utilities (2.4 percent).

On a monthly basis, consumer prices went up 0.1 percent, after declining 0.3 percent in a month earlier while market estimated a flat reading.

The producer prices index rose 6.4 percent year-on-year in April, compared to a 7.6 percent rise in March and slightly below consensus of 6.9 percent. It was the eighth straight month of increase but the weakest since December 2016. Cost went up at slower pace for most categories: means of production (8.4 percent from 10.1 percent in the prior month, namely extraction: 28.3 percent, raw materials: 13 percent and processing: 5.2 percent); consumer goods (0.7 percent, the same as in March, namely food production: 0.5 percent, clothing: 1.5 percent and general daily goods: 1.4 percent). In contrast, prices of consumer durables declined by 0.1 percent, following a 0.4 percent drop in March. On a monthly basis, producer prices fell 0.4 percent, the first drop since June 2016, due to a fall in iron and steel smelting and processing.

Statistics China | Rida Husna | rida@tradingeconomics.com
5/10/2017 9:44:38 AM



China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 0.90 28.40 -2.20 percent [+]
Inflation Rate Mom 0.10 -0.30 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.20 100.90 128.40 97.80 Index Points [+]
Core Consumer Prices 102.10 102.00 102.50 98.40 Index Points [+]
Core Inflation Rate 2.10 2.00 2.50 -1.60 percent [+]
GDP Deflator 622.50 625.00 625.00 100.78 Index Points [+]
Producer Prices 106.40 107.60 113.47 91.80 Index Points [+]
Producer Prices Change 6.40 7.60 13.47 -8.20 percent [+]
Export Prices 104.55 106.68 111.90 90.70 Index Points [+]
Import Prices 113.61 113.88 122.70 79.60 Index Points [+]
Food Inflation -3.50 -4.40 40.20 -5.50 percent [+]


China Inflation Rate Notes

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. China Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 0.90 28.40 -2.20 1986 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.20 Mar/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17