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.