The consumer price index in China dropped by 0.2 percent year-on-year in February 2021, after a 0.3 percent fall a month earlier and compared with market consensus of a 0.4 percent decline. Food prices decreased 0.2 percent, the first drop in three months, with prices of pork declining sharply (-14.9 percent vs -3.9 percent in January). Also, cost for non-food goods continued to fall (-0.2 percent vs -0.8 percent), mainly driven by transportation & communication (-1.9 percent vs -4.6 percent); clothing (-0.5 percent vs -0.2 percent); rent, fuel & utilities (-0.3 percent vs -0.4 percent); household goods and services (-0.2 percent vs 0.0 percent); and other goods and services (-0.8 percent vs -0.9 percent). Meantime, inflation slowed for healthcare (0.3 percent vs 0.4 percent), but picked up for education (0.6 percent vs 0.0 percent). On a monthly basis, consumer prices rose 0.6 percent in February. source: National Bureau of Statistics of China
Inflation Rate in China averaged 5.03 percent from 1986 until 2021, 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. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Inflation Rate in China is expected to be 0.20 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 3.10 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.