China’s producer prices fell 1.9% year-on-year in December 2025, easing from a 2.2% decline in November and extending the contraction to a 39th consecutive month. The latest reading was slightly above market expectations of a 2.0% drop, marking the mildest decline since August 2024, reflecting Beijing’s continued efforts to rein in excessive price competition. Consumer goods prices dropped a bit slower (-1.3% vs -1.5% in November), driven by milder falls in durable goods (-3.5% vs -3.6%) and clothing (-0.1% vs -0.3%), while food prices remained weak (-1.5% vs -1.5%). In contrast, costs of daily-use goods rose slightly faster (1.4% vs 1.1%). At the same time, production material prices fell more slowly (-2.1% vs -2.4%), with decreases softening in mining (-4.7% vs -6.1%), raw materials (-2.6% vs -2.9%), and processing (-1.6% vs -1.9%). For the full year of 2025, producer prices shrank 2.6%. Monthly, the PPI rose 0.2% in December, after edging up 0.1% in the previous two months. source: National Bureau of Statistics of China

Producer Prices in China decreased 1.90 percent in December of 2025 over the same month in the previous year. Producer Prices Change in China averaged 2.54 percent from 1993 until 2025, reaching an all time high of 26.00 percent in May of 1993 and a record low of -8.20 percent in July of 2009. This page provides the latest reported value for - China Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Producer Prices in China decreased 1.90 percent in December of 2025 over the same month in the previous year. Producer Prices Change 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 Producer Prices Change is projected to trend around 0.60 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-12-10 01:30 AM
PPI YoY
Nov -2.2% -2.1% -2% -2.0%
2026-01-09 01:30 AM
PPI YoY
Dec -1.9% -2.2% -2% -1.7%
2026-02-11 01:30 AM
PPI YoY
Jan -1.9% -1.5% -1.7%


Related Last Previous Unit Reference
Consumer Price Index CPI 103.70 103.50 points Dec 2025
Core Consumer Prices 101.20 101.20 points Dec 2025
Core Inflation Rate 1.20 1.20 percent Dec 2025
Core Inflation Rate MoM 0.20 -0.10 percent Dec 2025
Food Inflation 1.10 0.20 percent Dec 2025
GDP Deflator 105.20 106.00 points Dec 2024
Inflation Rate YoY 0.80 0.70 percent Dec 2025
Inflation Rate MoM 0.20 -0.10 percent Dec 2025
Producer Price Inflation MoM 0.20 0.10 percent Dec 2025
Producer Prices 103.60 103.40 points Dec 2025
PPI YoY -1.90 -2.20 percent Dec 2025
Rent Inflation -0.30 0.00 percent Dec 2025


China Producer Prices Change
In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -2.20 26.00 -8.20 1993 - 2025 percent Monthly
NSA

News Stream
China Producer Deflation Hits 16-Month Low
China’s producer prices fell 1.9% year-on-year in December 2025, easing from a 2.2% decline in November and extending the contraction to a 39th consecutive month. The latest reading was slightly above market expectations of a 2.0% drop, marking the mildest decline since August 2024, reflecting Beijing’s continued efforts to rein in excessive price competition. Consumer goods prices dropped a bit slower (-1.3% vs -1.5% in November), driven by milder falls in durable goods (-3.5% vs -3.6%) and clothing (-0.1% vs -0.3%), while food prices remained weak (-1.5% vs -1.5%). In contrast, costs of daily-use goods rose slightly faster (1.4% vs 1.1%). At the same time, production material prices fell more slowly (-2.1% vs -2.4%), with decreases softening in mining (-4.7% vs -6.1%), raw materials (-2.6% vs -2.9%), and processing (-1.6% vs -1.9%). For the full year of 2025, producer prices shrank 2.6%. Monthly, the PPI rose 0.2% in December, after edging up 0.1% in the previous two months.
2026-01-09
China Producer Prices Drop More than Expected
China’s producer prices fell 2.2% year-on-year in November 2025, slightly accelerating from a 2.1% decline in October and marking the 38th consecutive month of contraction. The result came in slightly worse than market expectations of a 2.0% decline, reflecting ongoing price competition and persistently weak domestic demand. Consumer goods prices declined at a faster pace in November (-1.5% vs -1.4% in October), driven by steeper falls in durable goods (-3.6% vs -3.2%), while food (-1.5% vs -1.6%) and clothing (-0.3% vs -0.3%) continued to drop modestly. In contrast, costs of daily-use goods rose slightly faster (1.1% vs 1.0%). Meanwhile, production material prices remained weak (-2.4% vs -2.4%), with persistent declines in mining (-6.1% vs -7.8%), raw materials (-2.9% vs -2.5%), and processing (-1.9% vs -1.9%). During the first eleven months of the year, producer prices shrank 2.7%. Monthly, the PPI inched up 0.1%, the same pace as in October.
2025-12-10
China Producer Prices Fall the Least in 14 Months
China’s producer prices declined 2.1% yoy in October 2025, slowing slightly from a 2.3% drop in the previous month and marking the softest decrease since August 2024, though extending their contraction for the 37th consecutive month. The result came in slightly better than market expectations of a 2.2% fall, reflecting Beijing’s ongoing efforts to curb deflationary pressures and stabilize industrial margins amid price competition. Consumer goods prices fell at a slower pace (-1.4% vs -1.7% in September), with continued drops in food (-1.6% vs -1.7%), clothing (-0.3% vs -0.3%), and durable goods (-3.2% vs -3.9%), while costs of daily-use goods quickened (1.0% vs 0.7%). Meantime, production material prices remained weak (-2.4% vs -2.4%), with persistent drops in mining (-7.8% vs -9.0%), raw materials (-2.5% vs -2.9%), and processing (-1.9% vs -1.7%). During the first ten months of the year, producer prices were down 2.7%. Monthly, the PPI inched up 0.1% after being flat in September.
2025-11-09