China Inflation Rate 1986-2014 | Data | Chart | Calendar | Forecast

The inflation rate in China was recorded at 1.6 percent in October of 2014. Inflation Rate in China averaged 5.72 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. Inflation Rate in China is reported by the National Bureau of Statistics of China.

   
  Forecast  

China Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.60 28.40 -2.20 1986 - 2014 percent Monthly
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. Content for - China Inflation Rate - was last refreshed on Sunday, November 23, 2014.


China's Inflation Rate Steady in October


China's annual inflation rate was recorded at 1.6 percent in October, unchanged from the previous month. The politically sensitive food prices accelerated to 2.5 percent while non-food cost rose at a slower 1.2 percent.

Among food prices, the highest increases came from egg (+16.4 percent in October from +12.9 percent increase in September) and fresh fruits (+15.2 percent from +16.7 percent). Cost of fresh vegetables (-7.2 percent from -9.4 percent) and pork (-3.1 percent from -2.9 percent) dropped further.

For non-food categories, prices were stable for clothing (+2.4 percent) and transportation and communication (-0.3 percent). Higher cost were seen for household equipment and maintenance services (+1.2 percent from +1.1 percent) and health care and personal products (+1.3 percent from +1.2 percent). Price decreases were reported for entertainment and educational products and services (+1.1 percent from +1.9 percent) and tourism (-2.3 percent in October from + 3.2 percent in September).

For 2014, the government has set inflation target at around 3.5 percent.  

Month-on-month, consumer prices remained unchanged, compared to a 0.5 percent increase in the preceding month.

Producer prices index declined by 2.2 percent from a year earlier, compared with  a 1.8 percent drop in September. The index has been in a negative territory since March of 2012.


National Bureau of Statistics l Rida l rida@tradingeconomics.com
11/10/2014 9:19:28 AM


Recent Releases

China Inflation Slows Further in September
China annual inflation rate eased to 1.6 percent in September of 2014, down further from 2.0 percent in the previous month and below market forecasts. The politically sensitive food prices increased 2.3 percent year-on-year, lower than a 3.0 percent rise in August while non-food prices grew 1.3 percent, softening from a 1.5 percent increase a month ago. Published on 2014-10-15

China Inflation Rate Eases in August
China annual inflation rate eased to 2.0 percent in August of 2014, down from 2.3 percent in the previous month and below market forecasts. The politically sensitive food prices increased 3.0 percent year-on-year, lower than a 3.6 percent rise in July while non-food prices grew 1.5 percent, softening from a 1.7 percent increase a month ago. Published on 2014-09-11


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-11 02:30 AM
Inflation Rate YoY  Aug 2014
2.0% 2.3% 2.2% 2.2%
2014-10-15 02:30 AM
Inflation Rate YoY  Sep 2014
1.6% 2.0% 1.7% 1.85%
2014-11-10 01:30 AM
Inflation Rate YoY  Oct 2014
1.6% 1.6% 1.6% 1.5%
2014-12-10 01:30 AM
Inflation Rate YoY  Nov 2014
1.6% 1.47%


China Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.60 28.40 -2.20 percent [+]
Inflation Rate Mom 0.00 0.50 2.60 -1.80 percent [+]
Consumer Price Index CPI 101.60 101.60 128.40 97.80 Index Points [+]
Core Inflation Rate 1.40 1.50 2.50 -1.60 percent [+]
Core Consumer Prices 101.40 101.50 102.50 98.40 Index Points [+]
GDP Deflator 598.23 588.21 598.23 100.00 Index Points [+]
Producer Prices 97.80 98.20 113.47 91.80 Index Points [+]
Producer Prices Change -2.20 -1.80 13.47 -8.20 percent [+]
Export Prices 102.10 100.50 111.90 90.70 Index Points [+]
Import Prices 99.00 98.00 122.70 79.60 Index Points [+]
Food Inflation 2.50 2.30 40.20 -5.50 percent [+]