China Inflation Rate1986-2020 Data | 2021-2022 Forecast | Calendar | Historical

China's annual inflation rate fell to 3.3 percent in April 2020 from 4.3 percent in the previous month and below market consensus of 3.7 percent. This was the lowest rate since September 2019 as the COVID-19 crisis deepened. Food inflation eased also to a seven-month low of 14.8 percent from 18.3 percent in March, with pork prices rising at a softer rate (96.9 percent vs 116.4 percent). Non-food inflation also slowed to 0.4 percent from 0.7 percent, amid falls in cost of clothing (-0.4 percent vs -0.3 percent), rent, fuel and utilities (-0.3 percent vs -0.1 percent), and transport & communication (-4.9 percent vs -3.8 percent). Upward pressure came from household goods & services (0.1 percent vs 0.3 percent), education, culture & recreation (2 percent vs 2.5 percent), healthcare (2.2 percent, the same as in March) and other goods & services (4.8 percent vs 5.3 percent). On a monthly basis, consumer prices dropped 0.9 percent, after a 1.2 percent decline in March.

China's annual inflation rate fell to 4.3% in March 2020 from 5.2% in February and compared with market consensus of 4.8%. This was the lowest inflation rate since October 2019, amid government control measures to contain the COVID-19 outbreak, with cost rising less for both food and non-food. Food inflation eased to 18.3% from a near 12-month high of 21.9% in February, with pork prices rising for 13th month and at a softer rate (116.4% vs 135.2%). Non-food inflation also eased to 0.7% to 0.9%, amid falls in cost of clothing (-0.3% vs 0.5%), rent, fuel and utilities (-0.1% vs 0.3%), and transport (-3.8% vs -1.6%), while cost rose for household goods (0.3% vs 0.1%), education, culture (2.5 % vs 1%), healthcare (2.2% vs 2.2 %) and other goods and services (5.3% vs 4.4%). On a monthly basis, consumer prices fell 1.2%, the first drop since June last year, after a 0.8% gain in February.

China's annual inflation rate fell to 5.2 percent in February 2020 from an over eight-year high of 5.4 percent in January, as non-food prices rose at a softer pace due to clothing (0.5 percent vs 0.6 percent), rent, fuel & utilities (0.3 percent vs 0.5 percent), household goods & services (0.1 percent vs 0.2 percent), education, culture & recreation (1.0 percent vs 2.2 percent), healthcare (2.2 percent vs 2.3 percent) and other goods and services (4.4 percent vs 4.8 percent). In addition, transport & communication prices fell 1.6 percent (vs 0.9 percent in January). Meanwhile, food prices surged 21.9 percent, the most since April 2008, with pork prices rising at a steeper rate (135.2 percent vs 116 percent). Pork prices have been rising amid a prolonged African swine fever epidemic and some lock-downs and transport restrictions on the back of a virus outbreak. On a monthly basis, consumer prices rose 0.8 percent, much slower than a 1.4 percent gain in January.

China's annual inflation rate jumped to 5.4% in January 2020 from 4.5% in December, above market consensus of 4.9%. This was the highest inflation rate since October 2011 due to rising pork prices, stronger demand during the Lunar New Year holiday and the ongoing coronavirus outbreak. Food prices went up 20.6% yoy, the most since April 2008, with pork prices rising for the 11th month in a row and at a steeper rate (116% vs 97% in December). Pork prices have been rising during the last year amid a prolonged African swine fever epidemic and in January 2020, several lockdowns and transport restrictions due to the coronavirus outbreak weighed on the pork cost even more. Non-food price inflation rose to 1.6% from 1.3% in December. Main upward pressure came from clothing (0.6% vs 0.8%); rent, fuel (0.5% vs 0.5%), household goods (0.2% vs 0.4%); transport & communication (0.9% vs -0.7%); education, culture (2.2% vs 1.8%); healthcare (2.3% vs 2.1%) and other goods and services (4.8% vs 4.4%).