The consumer price index in China unexpectedly declined by 0.5 percent year-on-year in November of 2020, after a 0.5 percent rise a month earlier and compared with market consensus of a flat reading. This was the first deflation rate since October of 2009 as food prices dropped for the first time in nearly three years (-2 percent), with prices of pork tumbling after soaring last year due to the African Swine outbreak. Also, there were falls in cost of transport (-3.9 percent vs -3.9 percent in October); rent, fuel, and utilities (-0.6 percent vs -0.7 percent); and clothing (-0.3 percent vs -0.3 percent). Meanwhile, prices of household goods and services were flat (vs -0.1 percent), while cost rose for health (1.5 percent vs 1.5 percent); education (1 percent vs 1.1 percent); and other goods and services (2.5 percent vs 2.4 percent). On a monthly basis, consumer prices fell by 0.6 percent, the steepest drop since May, and following a 0.3 percent decline in October. source: National Bureau of Statistics of China

Inflation Rate in China averaged 5.06 percent from 1986 until 2020, 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 January of 2021.

Inflation Rate in China is expected to be -0.70 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 2.20 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 1.90 percent in 2021, according to our econometric models.

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China Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.50 28.40 -2.20 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-09 01:30 AM Aug 2.4% 2.7% 2.4% 2.5%
2020-10-15 01:30 AM Sep 1.7% 2.4% 1.8% 2%
2020-11-10 01:30 AM Oct 0.5% 1.7% 0.8% 1%
2020-12-09 01:30 AM Nov -0.5% 0.5% 0% 0.1%
2021-01-11 01:30 AM Dec -0.5% 0.1% 0.0%
2021-02-10 01:30 AM Jan
2021-03-10 01:30 AM Feb
2021-04-09 01:30 AM Mar


News Stream
China Consumer Prices Fall for First Time in 11 Years
The consumer price index in China unexpectedly declined by 0.5 percent year-on-year in November of 2020, after a 0.5 percent rise a month earlier and compared with market consensus of a flat reading. This was the first deflation rate since October of 2009 as food prices dropped for the first time in nearly three years (-2 percent), with prices of pork tumbling after soaring last year due to the African Swine outbreak. Also, there were falls in cost of transport (-3.9 percent vs -3.9 percent in October); rent, fuel, and utilities (-0.6 percent vs -0.7 percent); and clothing (-0.3 percent vs -0.3 percent). Meanwhile, prices of household goods and services were flat (vs -0.1 percent), while cost rose for health (1.5 percent vs 1.5 percent); education (1 percent vs 1.1 percent); and other goods and services (2.5 percent vs 2.4 percent). On a monthly basis, consumer prices fell by 0.6 percent, the steepest drop since May, and following a 0.3 percent decline in October.
2020-12-09
China Inflation Rate Lowest Since 2009
China's annual inflation rate eased to 0.5 percent in October 2020, the lowest since October 2009 and below market expectations of 0.8 percent. There was a sharp slowdown in prices of food (2.2 percent vs 7.9 percent in September), with pork prices falling for the first time in over 1-1/2 years. Meantime, there were falls in cost of transport (-3.9 percent vs -3.6 percent); rent, fuel, and utilities (-0.7 percent vs -0.8 percent); household goods and services (-0.1 percent vs -0.1 percent); and clothing (-0.3 percent vs -0.4 percent). At the same time, prices rose for health (1.5 percent vs 1.5 percent); and education (1.1 percent vs 0.7 percent); and other goods and services (2.4 percent vs 4.3 percent). On a monthly basis, consumer prices unexpectedly fell by 0.3 percent, the first drop in four months, missing consensus of a 0.2 percent rise.
2020-11-10
China Inflation Rate Slows to 19-Month Low
China's annual inflation rate eased to 1.7 percent in September 2020 from 2.4 percent in the previous month and slightly below market expectations of 1.8 percent. It was the lowest reading since February 2019, amid a marked slowdown in prices of food (7.9 percent vs 11.2 percent in August). Meantime, cost of non-food products was flat, after a 0.1 percent gain in August. There were declines in cost of transport (-3.6 percent vs -3.9 percent in August); rent, fuel, and utilities (-0.8 percent vs -0.7 percent); household goods and services (-0.1 percent vs -0.1 percent); and clothing (-0.4 percent vs -0.5 percent). At the same time, prices increased for health (1.5 percent vs 1.5 percent); other goods and services (4.3 percent vs 6.1 percent); and education, culture & recreation (0.7 percent vs a flat reading). On a monthly basis, consumer prices edged up 0.2 percent in September, the lowest in three months, following a 0.4 percent gain in August.
2020-10-15
China Inflation Rate Slows to 3-Month Low
China's annual inflation rate eased to 2.4 percent in August 2020 from 2.7 percent in the previous month and in line with market expectations. This was the lowest figure since May as food inflation slowed (11.2 percent vs 13.2 percent in July). Meantime, prices for non-food products and services went up 0.1 percent, compared to a flat reading in July, with cost of other goods and services rising faster (6.1 percent vs 5.1 percent in July). At the same time, health inflation was little-changed (1.5 percent vs 1.6 percent), while cost of education, culture & recreation was flat, after a 0.3 percent rise in July. Also, prices continued to fall for transport (-3.9 percent vs -4.4 percent); rent, fuel, and utilities (-0.7 percent vs -0.7 percent); household goods and services (-0.1 percent vs -0.1 percent); and clothing (-0.5 percent vs -0.5 percent). On a monthly basis, consumer prices rose 0.4 percent in August, following a 0.6 percent gain in July.
2020-09-09

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.