China Inflation Rate

The inflation rate in China was recorded at 2.40 percent in April of 2013. Inflation Rate in China is reported by the National Bureau of Statistics of China. Historically, from 1986 until 2013, China Inflation Rate averaged 5.86 Percent 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 includes a chart with historical data for China Inflation Rate.

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China Inflation Rate Up to 2.4% in April
National Bureau of Statistics | Nuno Fontes | nuno@tradingeconomics.com  |  5/9/2013 10:04:54 AM


China's annual consumer inflation quickened to 2.4 percent in April from March's 2.1 percent driven by rise in vegetable prices due to unusually cold temperatures and low rainfall across the country.

Food prices, which account for nearly one-third of weighting in China's CPI, increased 4 percent, with the prices of vegetables rising 5.9 percent. Non-food prices increased by 1.6 percent.

The prices grew by 2.4 percent in cities and in rural areas.  The prices of consumer goods went up by 2.2 percent and the prices of services grew by 2.9 percent.

China has set its inflation target for 2013 at 3.5 percent, higher than the actual inflation rate for 2012 of 2.6 percent.

Month on month, the consumer price index increased by 0.2 percent in April, reversing a decrease of 0.9 percent in March.

The producer price index (PPI), which measures wholesale inflation, fell 2.6 percent yoy in April,  the 14th straight month of decline and the steepest drop in six months.

 

 

 

 

 

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ARCHIVE
China Annual Inflation Down to 2.1% in March
In March, the consumer price index went up by 2.1 percent year-on-year. The prices grew by 2.0 percent in cities and 2.2 percent in rural areas. The food prices went up by 2.7 percent, while the non-food prices increased by 1.8 percent. The prices of consumer goods went up by 1.7 percent and the prices of services grew by 3.1 percent. 2013-04-15

China's Inflation Rises to 2% in November
In November, the consumer price index (CPI) went up by 2.0 percent year-on-year. The prices grew by 2.1 percent in cities and 1.9 percent in rural areas. The food prices went up by 3.0 percent, while the non-food prices increased by 1.6 percent. The prices of consumer goods went up by 1.9 percent and the prices of services grew by 2.3 percent. 2012-12-10

China Annual Inflation Down to 2.1% in March
China's annual consumer inflation eased to 2.1 percent in March from February's 3.2 percent leaving a room to keep monetary conditions loose to support a burgeoning economic recovery. 2013-04-09

China's Inflation Rate Down to 1.7 Percent in October
In October, the consumer price index (CPI) went up by 1.7 percent year-on-year. The prices grew by 1.8 percent in cities and 1.5 percent in rural areas. The food prices went up by 1.8 percent, while the non-food prices increased by 1.7 percent. The prices of consumer goods went up by 1.5 percent and the prices of services grew by 2.3 percent. On average from January to October, the overall consumer prices were up by 2.7 percent over the same period of the previous year. 2012-11-09

China Inflation Up to 3.2 percent in February
China's annual inflation jumped to a 10-month high in February as holiday spending for the Lunar New Year drove food prices sharply higher. 2013-03-09

China's Inflation Rate Down to 1.9 Percent in September
In September, the consumer price index (CPI) in China went up by 1.9 percent year-on-year. The prices grew by 2.0 percent in cities and 1.7 percent in rural areas. The food prices went up by 2.5 percent, while the non-food prices increased by 1.7 percent. The prices of consumer goods went up by 1.8 percent and the prices of services grew by 2.3 percent. 2012-10-15

China Inflation Slows to 2% in January of 2013
In China, the Consumer Price Index (CPI) increased by 2 percent from a year earlier, down from 2.5 percent recorded in December of 2012. The increase was mainly driven by food items, which grew by 2.9 percent. 2013-02-08

China's Inflation Rate Jumps to 2.0% in August
In August, the consumer price index (CPI) in China went up by 2.0 percent year-on-year. The prices grew by 2.1 percent in cities and 1.8 percent in rural areas. The food prices went up by 3.4 percent, while the non-food prices increased by 1.4 percent. The prices of consumer goods went up by 2.1 percent and the prices of services grew by 2.0 percent. 2012-09-10

China's Inflation Rises to 2.5% in December
In December, the consumer price index (CPI) went up by 2.5 percent year-on-year. In December, the month-on-month change of consumer prices was up by 0.8 percent. 2013-01-11




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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