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.

Inflation Rate in China averaged 5.10 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 October of 2020. source: National Bureau of Statistics of China

Inflation Rate in China is expected to be 2.30 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 1.90 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
2.40 2.70 28.40 -2.20 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-10 01:30 AM May 2.4% 3.3% 2.7% 2.7%
2020-07-09 01:30 AM Jun 2.5% 2.4% 2.5% 2.5%
2020-08-10 01:30 AM Jul 2.7% 2.5% 2.6% 2.7%
2020-09-09 01:30 AM Aug 2.4% 2.7% 2.4% 2.5%
2020-10-15 01:30 AM Sep 2.4% 2.3%
2020-11-10 01:30 AM Oct
2020-12-09 01:30 AM Nov


News Stream
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 Rises More than Forecast
China's annual inflation rate rose to 2.7 percent in July 2020, recovering further from a 14-month low hit in May and slightly beating market expectations of 2.6 percent. Food inflation hit its highest in three months (13.2 percent vs 11.1 percent in June), amid the coronavirus pandemic and damage caused by floods in central and southern of the country. Meantime, prices for non-food products and services were unchanged, after rising in June. Inflation was flat for other goods and services (at 5.1 percent), while prices increased at a slower pace for both healthcare (1.6 percent vs 1.9 percent) and education, culture & recreation (0.3 percent vs 1.9 percent). At the same time, cost fell for transport (-4.4 percent vs -4.6 percent), rent, fuel, and utilities (-0.7 percent vs -0.6 percent), household goods and services (-0.1 percent vs 0.0 percent), and clothing (-0.5 percent vs -0.4 percent). On a monthly basis, consumer prices rose 0.6 percent, the first rise in five months.
2020-08-10
China Inflation Rate Edges Up to 2.5%
China's annual inflation rate rose to 2.5 percent in June 2020 from a 14-month low of 2.4 percent in the prior month and in line with market expectations. Food inflation accelerated to 11.1 percent from 10.6 percent in May as pork prices continued to rise (81.6 percent vs 81.7 percent). On the other hand, non-food prices slowed (0.3 percent vs 0.4 percent in May), due to healthcare (1.9 percent vs 2.1 percent), education, culture & recreation (1.9 percent vs 2.2 percent), and other goods & services (5.1 percent vs 5.3 percent). Meantime, cost fell for transport (-4.6 percent vs -5.1 percent), rent, fuel, and utilities (-0.6 percent vs -0.5 percent) and clothing (-0.4 percent, the same as in May). On a monthly basis, consumer prices dropped 0.1 percent, after a 0.8 percent decline in May and compared with forecasts of a flat reading.
2020-07-09
China Inflation Rate Slows to 14-Month Low
China's annual inflation rate fell to 2.4% in May 2020 from 3.3% in the previous month, below market consensus of 2.7%. This was the lowest figure since March 2019, amid government control measures to contain the COVID-19 outbreak. Food inflation eased to a 9-month low of 10.6% from 14.8% in April, with pork prices rising for 15th month and at a softer rate (81.7% vs 96.9%). Meantime, non-food inflation was unchanged at 0.4% as cost of other goods and services rose by 5.3%, the same as in April, while there were rises in cost of clothing (2.3% vs -0.3%), household goods (0.1% vs 0.3%), education, culture (2.2 % vs 2.5%), and healthcare (2.1% vs 2.2 %). Meantime, cost fell for both rent, fuel and utilities (-0.5% vs -0.1%) and transport (-5.1% vs -3.8%). On a monthly basis, consumer prices dropped by 0.8 percent, after a 0.9 percent decline in April and compared with forecasts of a 0.5% fall.
2020-06-10

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.