China Producer Prices Change1995-2021 Data | 2022-2023 Forecast | Calendar

China's producer prices rose by 6.8% year-on-year in April 2021, accelerating from a 4.4% gain in the prior month and above market expectations of 6.5%. This was the fourth straight month of increase in factory gate prices and the steepest pace since October 2017, amid a steady recovery in domestic production and rising commodity prices. Prices of means of production rose much faster (9.1% vs 5.8% in March), boosted by extraction (24.9% vs 12.3%), processing (5.4% vs 3.4%), and raw materials (15.2% vs 10.1%). At the same time, prices of consumer goods went up faster (0.3% vs 0.1%), led by food productions (1.8% vs 2%), while prices of daily use goods picked up (0.3% vs flat reading), and both clothing (-0.6% vs -0.8%) and consumer durables (-0.9% vs -1.4%) fell less. On a monthly basis, producer prices went up 0.9%.

China's producer prices rose by 4.4 percent year-on-year in March 2021, accelerating from a 1.7 percent gain in the prior month and well above market expectations of a 3.5 percent rise. This was the third straight month of increase in factory gate prices and the steepest pace since July 2018, as growth in the economy continued to gather momentum. Prices of means of production rose much faster (5.8% vs 2.3% in February), boosted by extraction (12.3% vs 6.8%), processing (3.4% vs 1.7%), and raw materials (10.1% vs 2.9%). At the same time, prices of consumer goods went up 0.1% after declining 0.2% in February, led by food (2% vs 1.6%), while both clothing (-0.8% vs -1.3%) and consumer durables (-1.4% vs -1.8%) fell less, and prices of daily use goods were flat (vs-0.1% in February). On a monthly basis, producer prices went up 0.8 percent.

China's producer price inflation rose to 1.7 percent year-on-year in February 2021, the highest since November 2018 and above market expectations of 1.5 percent, amid further signs of robust growth in the world's second-largest economy. Prices of means of production jumped 2.3 percent (vs 0.5 percent in January), due to higher cost for extraction (6.8 percent vs 1 percent), raw materials (2.9 percent vs -0.8 percent), and processing (1.7 percent vs 1 percent). Meanwhile, consumer goods prices continued to fall (-0.2 percent, the same as in January), led by declines in cost for consumer durables (-1.8 percent, the same as in January), clothing (-1.3 percent, the same as in January), and daily use goods (-0.1 percent vs 0.0 percent). Food productions inflation was steady at 1.6 percent. On a monthly basis, producer prices went up 0.8 percent in February, after a 1 percent rise in January.

China's producer prices rose by 0.3 percent year-on-year in January 2021, reversing from a 0.4 percent fall in the prior month and compared with market expectations of a 0.4 percent gain. This was the first rise in producer prices since January 2020 and the fastest pace since May 2019, amid signs that the economy continued to recover from the COVID-19 shocks. Prices of means of production rebounded (0.5% vs -0.5% in December), due to an upturn in cost of extraction (1% vs -0.4%) and a pickup in processing prices (1% vs flat reading), with cost of raw materials falling at a softer rate(-0.8% vs -1.6%). At the same time, prices of consumer goods decreased less (-0.2% vs -0.4%), mainly driven by clothing (-1.3% vs -1.8%) and consumer durables (-1.8% vs -1.8%), while prices of daily use goods were flat (vs-0.4% in December). Meanwhile, inflation accelerated sharply for food production (1.6% vs 0.9%). On a monthly basis, producer prices went up 1 percent.