China's producer prices fell 0.7% yoy in December 2022, slowing from a 1.3% drop in the previous month but worse than market forecasts of a 0.1% decline. This was the third straight month of producer price deflation, as domestic demand deteriorated further amid rising COVID cases while commodity prices continued to ease. A decline in cost of production materials softened slightly (-1.4% vs -1.72%), amid a slower fall in processing prices (-2.7% vs -3.3%) and rises in cost of both extractions (1.7% vs -3.9%) and raw materials (1.2% vs 0.3%). Meanwhile, consumer goods inflation eased (1.8% vs 2.0%), namely food (3.2% vs 3.9%), daily use goods (1.3% vs 1.4%), and clothing (2.4% vs 2.3%). At the same time, cost of durable goods accelerated (0.6% vs 0.4%). On a monthly basis, producer prices went down 0.5%, falling for the first time in three months. Considering the full year of 2022, China's factory gate prices grew by 4.1%. source: National Bureau of Statistics of China

Producer Prices Change in China averaged 1.49 percent from 1995 until 2022, reaching an all time high of 13.50 percent in October of 2021 and a record low of -8.20 percent in July of 2009. This page provides the latest reported value for - China Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

Producer Prices Change in China is expected to be -2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Producer Prices Change is projected to trend around 1.60 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

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China Producer Prices Change



Calendar GMT Actual Previous Consensus TEForecast
2022-12-09 01:30 AM Nov -1.3% -1.3% -1.4% -1.6%
2023-01-12 01:30 AM Dec -0.7% -1.3% -0.1% -0.2%
2023-02-10 01:30 AM Jan -0.7% -1.3%


Related Last Previous Unit Reference
Inflation Rate 1.80 1.60 percent Dec 2022
Inflation Rate MoM 0.00 -0.20 percent Dec 2022
Consumer Price Index CPI 103.30 103.30 points Dec 2022
Core Inflation Rate 0.70 0.60 percent Dec 2022
Core Consumer Prices 100.70 100.60 points Dec 2022
GDP Deflator 722.52 696.46 points Dec 2021
Producer Prices 111.10 111.70 points Dec 2022
Producer Prices Change -0.70 -1.30 percent Dec 2022
Food Inflation 4.80 3.70 percent Dec 2022

China Producer Prices Change
In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -1.30 13.50 -8.20 1995 - 2022 percent Monthly
NSA

News Stream
China Producer Prices Decline for 3rd Month
China's producer prices fell 0.7% YoY in December 2022, slowing from a 1.3% drop in the previous month but worse than market forecasts of a 0.1% decline. This was the third straight period of deflation, as domestic demand deteriorated further amid rising COVID cases while commodity prices continued to ease. A decrease in the cost of production materials softened slightly (-1.4% vs -1.72%) amid a slower fall in processing prices (-2.7% vs -3.3%) and rises in cost of both extractions (1.7% vs -3.9%) and raw materials (1.2% vs 0.3%). Meanwhile, consumer goods inflation eased (1.8% vs 2.0%), namely food (3.2% vs 3.9%), daily use goods (1.3% vs 1.4%), and clothing (2.4% vs 2.3%). At the same time, the cost of durable goods accelerated (0.6% vs 0.4%). On a monthly basis, producer prices went down 0.5%, falling for the first time in three months. Considering the full year of 2022, China's factory gate prices grew by 4.1%.
2023-01-12
China Producer Prices Fall for 2nd Straight Month
China's producer prices dropped 1.3% yoy in November 2022, the same pace as in the previous month, and compared with forecasts of a 1.4% fall. This was the second straight month of decline in factory gate prices, amid weakening domestic demand due to strict COVID curbs and falling commodity prices. Prices of production materials continued to shrink (-1.72% vs -2.5% in October), amid a softer fall in cost of both extractions (-3.9% vs -6.7% in October) and processing cost (-3.2% vs -3.5%) as well as a notable slowdown in cost of raw materials (0.3% vs 1.2%). Meanwhile, consumer goods inflation eased (2.0% vs 2.2%), namely food (3.9% vs 4.6%), daily use goods (1.4% vs 1.6%), and clothing (2.3% vs 2.5%). At the same time, cost of durable goods increased by 0.4%, faster than a 0.2% gain in October. On a monthly basis, producer prices edged up 0.1%, rising for the second time in five months. Considering the first eleven months of the year, China's factory gate prices grew by 4.6%.
2022-12-09
China Producer Prices Drop for 1st Time in 2 Years
China's producer prices fell 1.3% yoy in October 2022, compared with forecasts of a 1.5% drop and after a 0.9% rise in September. This was the first drop in factory gate prices since December 2020, reflecting weak domestic demand and disruptions to output amid strict COVID curbs as well as falling commodity prices. Prices of production materials declined 2.5% after increasing 0.6% in September, amid a fall in cost of extractions (-6.7% vs 3.5%) and a faster fall in processing cost (-3.5% vs -1.9%) as well as a sharp slowdown in cost of raw materials (1.2% vs 5.8%). Meantime, consumer goods inflation rose further (2.2% vs 1.8%), namely food (4.6% vs 4.1%), daily use goods (1.6% vs 1.6%), and clothing (2.5% vs 2.3%). Also, cost of durable goods gained 0.2% after falling in the prior two months. On a monthly basis, producer prices grew 0.2%, rising for the first time in four months. Considering the first ten months of the year, China's factory gate prices rose by 5.2%.
2022-11-09