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.

Inflation Rate in China averaged 5.12 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 June of 2020. source: National Bureau of Statistics of China

Inflation Rate in China is expected to be 4.20 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 2.00 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
3.30 4.30 28.40 -2.20 1986 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 01:30 AM Jan 5.4% 4.5% 4.9% 5.1%
2020-03-10 01:30 AM Feb 5.2% 5.4% 5.2% 5.1%
2020-04-10 01:30 AM Mar 4.3% 5.2% 4.8% 5.0%
2020-05-12 01:30 AM Apr 3.3% 4.3% 3.7% 3.6%
2020-06-10 01:30 AM May 3.3% 2.7%
2020-07-09 01:30 AM Jun 3.2%
2020-08-10 01:30 AM Jul
2020-09-09 01:30 AM Aug


News Stream
China Inflation Rate Hits 7-Month Low
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.
2020-05-12
China Inflation Rate Slows More than Estimated
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.
2020-04-10
China Inflation Rate Slows to 5.2% 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.
2020-03-10
China Inflation Rate Highest in Over 8 Years
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%).
2020-02-10

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.