China’s annual inflation eased to 0.5% in July 2026 from 1.0% in the prior month, falling short of market forecasts of 0.8%. It was the lowest print since January, as food prices continued to decline while non-food inflation slowed further. Food cost fell for the fourth straight month (-1.5% vs -1.6% in June), weighed by a further drop in pork prices amid abundant supply and weak consumption. Meanwhile, non-food prices rose at a softer rate (0.9% vs 1.5%), with transport costs up more modestly (0.4% vs 4.1%) after a government fuel-price cut and easing global energy costs as Middle East supply disruptions subsided. Education costs also eased (1.3% vs 1.4%) while housing cost fell further (-0.3% vs -0.3%). In contrast, clothing inflation was stable (at 1.4%), and healthcare prices accelerated (2.9% vs 2.3%). Core inflation, excluding food and energy, rose 0.9% yoy, after June's 1.0%. Monthly, consumer prices fell 0.1%, defying consensus for a 0.2% gain and following a 0.3% fall in June. source: National Bureau of Statistics of China

Inflation Rate in China decreased to 0.50 percent in July from 1 percent in June of 2026. Inflation Rate in China averaged 4.45 percent from 1986 until 2026, 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. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2026.

Inflation Rate in China decreased to 0.50 percent in July from 1 percent in June of 2026. Inflation Rate in China is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Inflation Rate is projected to trend around 0.80 percent in 2027 and 1.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-09 01:30 AM
Inflation Rate YoY
Jun 1% 1.2% 1.1% 1.3%
2026-08-09 01:30 AM
Inflation Rate YoY
Jul 0.5% 1% 0.8% 0.9%
2026-09-09 01:30 AM
Inflation Rate YoY
Aug 0.5%



Components Last Previous Unit Reference
Rent Inflation -0.60 -0.60 percent Jul 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 100.50 100.60 points Jul 2026
Core Consumer Prices 100.90 101.00 points Jul 2026
Core Inflation Rate 0.90 1.00 percent Jul 2026
Core Inflation Rate MoM 0.30 -0.10 percent Jul 2026
Food Inflation -1.50 -1.60 percent Jul 2026
GDP Deflator 105.10 106.00 points Dec 2024
Inflation Rate YoY 0.50 1.00 percent Jul 2026
Inflation Rate MoM -0.10 -0.30 percent Jul 2026
Producer Price Inflation MoM -0.70 -0.30 percent Jul 2026
Producer Prices 103.40 103.80 points Jun 2026
PPI YoY 3.50 4.10 percent Jul 2026


China Inflation Rate
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.50 1.00 28.40 -2.20 1986 - 2026 percent Monthly

News Stream
China Inflation Rate Hits 6-Month Low
China’s annual inflation eased to 0.5% in July 2026 from 1.0% in the prior month, falling short of market forecasts of 0.8%. It was the lowest print since January, as food prices continued to decline while non-food inflation slowed further. Food cost fell for the fourth straight month (-1.5% vs -1.6% in June), weighed by a further drop in pork prices amid abundant supply and weak consumption. Meanwhile, non-food prices rose at a softer rate (0.9% vs 1.5%), with transport costs up more modestly (0.4% vs 4.1%) after a government fuel-price cut and easing global energy costs as Middle East supply disruptions subsided. Education costs also eased (1.3% vs 1.4%) while housing cost fell further (-0.3% vs -0.3%). In contrast, clothing inflation was stable (at 1.4%), and healthcare prices accelerated (2.9% vs 2.3%). Core inflation, excluding food and energy, rose 0.9% yoy, after June's 1.0%. Monthly, consumer prices fell 0.1%, defying consensus for a 0.2% gain and following a 0.3% fall in June.
2026-08-09
China Inflation Rate Slightly Below Forecasts
China's annual inflation eased to 1.0% in June 2026 from 1.2% in both April and May, slightly below market expectations of 1.1%, marking the softest increase in three months. Non-food inflation slowed (1.5% vs 1.9% in May) due to a moderation in transport costs (4.1% vs 5.4%), as the government cut domestic retail gasoline and diesel prices in June amid lower energy prices following an easing of the Middle East conflict. Prices also continued to rise for clothing (1.4% vs 1.4%), healthcare (2.3% vs 2.1%), and education (1.4% vs 1.3%). Meanwhile, housing costs declined at a faster pace (-0.3% vs -0.2%). On the food side, prices fell for the third consecutive month (-1.6% vs -1.7%), largely due to persistently weak pork prices and continued declines in fresh fruit prices. Core inflation, excluding food and energy, increased 1.0% yoy, following a 1.1% rise in May. On a monthly basis, consumer prices fell 0.3% after edging down 0.1% in May, compared with market forecasts of a 0.2% decline.
2026-07-09
China Inflation Stable in May
China’s annual inflation held steady at 1.2% in May 2026, unchanged from the previous month but slightly below market expectations of 1.3%. Non-food inflation edged higher (1.9% vs 1.8% in April), lifted by an acceleration in transport costs (5.4% vs. 4.6%) amid higher energy prices and supply-chain disruptions linked to the ongoing Middle East conflict. Prices also continued to rise for clothing (1.4% vs. 1.5%), healthcare (2.1% vs. 2.2%), and education (1.3% vs. 1.3%). Meanwhile, housing costs remained subdued (-0.2% vs. -0.2%). On the food side, prices fell for the second straight month (-1.7% vs -1.6%), marking the sharpest drop since October, largely due to persistently weak pork prices and continued declines in fresh fruit costs. Core inflation, excluding food and energy, rose 1.1% yoy, after April's 1.2% gain. On a monthly basis, consumer prices edged down 0.1%, reversing a 0.3% increase in April. However, the decline was milder than forecasts of a 0.2% drop.
2026-06-10