China’s producer prices rose 3.5% yoy in July 2026, slowing from a 4.1% gain in the previous month and falling short of market estimates of 3.8%. It was also the lowest producer inflation since April amid weak domestic demand and fading energy cost pressures as global oil shocks tied to disruptions in the Strait of Hormuz began to ease. Prices of production materials continued to rise, albeit at a milder rate (4.8% vs 5.5% in June) due to further increases in the cost of mining (16.4% vs 16.5%), raw materials (6.1% vs 8.6%), and processing (3.1% vs 3.0%). Meanwhile, consumer goods prices remained weak (-0.8% vs -0.9%), as prices fell further for food (-2.1% vs -2.1%), clothing (-1.1% vs -1.0%), and daily-use goods (-1.0% vs -1.0%), while durable goods prices picked up (0.4% vs 0.1%). On a monthly basis, producer prices fell 0.7%, faster than a 0.3% drop in June. In the first seven months of the year, producer prices rose 1.8%, steeper than a 1.5% gain in the prior period. source: National Bureau of Statistics of China

Producer Prices in China increased 3.50 percent in July of 2026 over the same month in the previous year. Producer Prices Change in China averaged 2.52 percent from 1993 until 2026, 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 August of 2026.

Producer Prices in China increased 3.50 percent in July of 2026 over the same month in the previous year. Producer Prices Change in China is expected to be 3.80 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 1.50 percent in 2027 and 1.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-09 01:30 AM
PPI YoY
Jun 4.1% 3.9% 4.1% 3.5%
2026-08-09 01:30 AM
PPI YoY
Jul 3.5% 4.1% 3.8% 4.3%
2026-09-09 01:30 AM
PPI YoY
Aug 3.5%


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 102.70 103.40 points Jul 2026
PPI YoY 3.50 4.10 percent Jul 2026
Rent Inflation -0.60 -0.60 percent Jul 2026


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
3.50 4.10 26.00 -8.20 1993 - 2026 percent Monthly
NSA

News Stream
China Producer Prices Rise the Least in 3 Months
China’s producer prices rose 3.5% yoy in July 2026, slowing from a 4.1% gain in the previous month and falling short of market estimates of 3.8%. It was also the lowest producer inflation since April amid weak domestic demand and fading energy cost pressures as global oil shocks tied to disruptions in the Strait of Hormuz began to ease. Prices of production materials continued to rise, albeit at a milder rate (4.8% vs 5.5% in June) due to further increases in the cost of mining (16.4% vs 16.5%), raw materials (6.1% vs 8.6%), and processing (3.1% vs 3.0%). Meanwhile, consumer goods prices remained weak (-0.8% vs -0.9%), as prices fell further for food (-2.1% vs -2.1%), clothing (-1.1% vs -1.0%), and daily-use goods (-1.0% vs -1.0%), while durable goods prices picked up (0.4% vs 0.1%). On a monthly basis, producer prices fell 0.7%, faster than a 0.3% drop in June. In the first seven months of the year, producer prices rose 1.8%, steeper than a 1.5% gain in the prior period.
2026-08-09
China Producer Prices Rise the Most in Near 4 Years
China’s producer prices increased 4.1% year-on-year in June 2026, accelerating from a 3.9% rise in the previous month and matching market forecasts. It was the fourth consecutive monthly increase and the steepest pace since July 2022, driven by firmer commodity prices and rising production costs as geopolitical tensions in the Middle East continued to underpin global energy and raw material markets. Production material costs quickened (5.5% vs 5.2% in May), led by further increases in mining (16.5% vs 15.8%), raw materials (8.6% vs 9.2%), and processing (3.0% vs 2.3%). Meanwhile, a decline in consumer goods prices persisted (-0.9% vs -0.8%), as costs continued to fall for food prices (-2.1% vs -1.8%), clothing (-1.0% vs -1.0%), and daily-use goods (-1.0% vs -1.0%), while durable goods prices were subdued (0.1% vs flat reading). For the first six months of the year, PPI rose 1.5%, keeping the same pace as in the prior period.
2026-07-09
China Producer Inflation Nears 4-Year High
China’s producer prices increased 3.9% year-on-year in May 2026, accelerating from a 2.8% rise in the previous month and matching market forecasts. It was the third consecutive monthly increase and the fastest pace since July 2022, driven by soaring global commodity and energy prices amid supply disruptions stemming from the war in Iran. Beijing’s efforts to cut excess industrial capacity and curb intense price competition also helped lift factory-gate prices. Production material costs accelerated (5.2% vs 3.8% in April), driven by stronger increases in mining (15.8% vs 10.8%), raw materials (9.2% vs 7.1%), and processing (2.3% vs 1.5%). A decline in consumer goods prices eased (-0.8% vs -1.0%), despite continued decreases in food prices (-1.8% vs -1.9%), clothing (-1.0% vs -1.1%), and daily-use goods (-1.0% vs -1.1%), while durable goods prices were unchanged (vs 0.3%). For the first five months of the year, PPI climbed 1.0%. Monthly, PPI rose 0.5%, easing from a 1.7% gain in April.
2026-06-10