China's consumer price inflation rose to 2.5 percent year-on-year in April 2019 from 2.3 percent in the previous month, matching market consensus. This was the highest rate since October last year, with food cost rising the most in three years as an outbreak of African swine fever sent pork prices soaring further. Inflation Rate in China averaged 5.16 percent from 1986 until 2019, 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 expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 2.00 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 1.90 percent in 2020, according to our econometric models.

China Inflation Rate
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-15 01:30 AM Inflation Rate YoY 1.7% 1.9% 1.9% 1.9%
2019-03-09 01:30 AM Inflation Rate YoY 1.5% 1.7% 1.5% 1.6%
2019-04-11 01:30 AM Inflation Rate YoY 2.3% 1.5% 2.3% 2%
2019-05-09 01:30 AM Inflation Rate YoY 2.5% 2.3% 2.5% 2.1%
2019-06-12 01:30 AM Inflation Rate YoY 2.5% 2.2%
2019-07-10 01:30 AM Inflation Rate YoY 1.8%
2019-08-09 01:30 AM Inflation Rate YoY 1.7%

China Inflation Rate Rises to 6-Month High

China's consumer price inflation rose to 2.5 percent year-on-year in April 2019 from 2.3 percent in the previous month, matching market consensus. This was the highest rate since October last year, with food cost rising the most in three years as an outbreak of African swine fever sent pork prices soaring further.

The politically sensitive food inflation jumped to a three-year high of 6.1 percent in April from 4.1 percent in March, as prices of pork surged 14.4 percent, the second straight month of increase in over two years, after a 5.1 percent gain in March. In addition, prices increased sharply for fresh vegetables (17.4 percent vs 16.2 percent), fresh fruit (11.9 percent vs 7.7 percent), and eggs (3.7 percent vs -1.9 percent). At the same time, cost of edible oil fell at a softer rate (-0.3 percent vs -0.4 percent).

Non-food price inflation came in at 1.7 percent in April, little-changed from the prior's month 1.8 percent. Prices rose at softer pace for clothing (1.8 percent vs 2 percent); rent, fuel & utilities (2 percent vs 2.1 percent); household goods & services (1.1 percent vs 1.2 percent); and healthcare (2.6 percent vs 2.7 percent). Meanwhile, inflation was unchanged for other goods & services (at 1.9 percent) and picked up for education, culture & recreation (2.5 percent vs 2.4 percent). Transport & communication prices fell 0.5 percent, after a 0.1 percent gain in March.

Annual core inflation, which strips out volatile food and energy prices, edged down to 1.7 percent in April, the lowest in seven months, from 1.8 percent in March.

On a monthly basis, consumer prices increased by 0.1 percent in April, reversing a 0.4 percent fall in March and also in line with expectations.

Meanwhile, China's producer price index increased by 0.9 percent from a year earlier in April, accelerating from a 0.4 percent rise in the previous month and beating market expectations of a 0.6 percent gain. Prices of means of production picked up firmly (0.9 percent vs 0.3 percent), with cost increasing faster for both processing (0.9 percent vs 0.4 percent) and extraction (5.3 percent vs 4.2 percent), while prices of raw materials were flat (vs -0.6 percent in March). In addition, consumer goods inflation surged to 0.9 percent from 0.5 percent, of which food productions (1.9 percent vs 1.2 percent), clothing (at 1.7 percent) and daily use goods (at 0.3 percent), while prices dropped at a slower rate for durable goods (-0.6 percent vs -0.7 percent). On a monthly basis, producer prices rose 0.3 percent in April, following a 0.1 percent gain in March.

Statistics China | Rida Husna |
5/9/2019 10:40:37 AM

China Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.30 28.40 -2.20 percent [+]
Inflation Rate Mom 0.10 -0.40 2.60 -1.80 percent [+]
Consumer Price Index CPI 102.50 102.30 128.40 97.80 Index Points [+]
Core Consumer Prices 101.70 101.80 102.50 98.40 Index Points [+]
Core Inflation Rate 1.70 1.80 2.50 -1.60 percent [+]
GDP Deflator 656.41 630.75 656.41 100.78 Index Points [+]
Producer Prices 100.90 100.40 113.47 91.80 Index Points [+]
Producer Prices Change 0.90 0.40 13.47 -8.20 percent [+]
Export Prices 102.20 109.60 111.90 90.70 Index Points [+]
Import Prices 102.00 105.00 122.70 79.60 Index Points [+]
Food Inflation 6.10 4.10 40.20 -5.50 percent [+]

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. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.30 28.40 -2.20 1986 - 2019 percent Monthly

Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.90 Apr/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.80 Apr/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19