The consumer price index in China rose by 0.4% yoy in March 2021, after a 0.2% drop a month earlier and compared with market consensus of a 0.3% gain. This was the highest reading since October 2020, amid a sharp rebound in cost of for non-food goods (0.7% vs -0.2% in February), driven by transportation & communication (2.7% vs -1.9%); clothing (0.1% vs -0.5%); rent, fuel & utilities (0.2% vs -0.3%). At the same time, cost of household goods and services was flat after falling 0.2% in February, while prices of other goods and services fell further (-1.5% vs -0.8%). Food prices dropped 0.7%, the second straight fall, with prices of pork declining faster (-18.4% vs -14.9%). On a monthly basis, consumer prices went down 0.5% in March, the first decline in four months, following a 0.6% rise in February. source: National Bureau of Statistics of China
Inflation Rate in China averaged 5.02 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 May of 2021.
Inflation Rate in China is expected to be 1.10 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 3.20 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.