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. source: National Bureau of Statistics of China

Producer Prices Change in China averaged 1.12 percent from 1995 until 2021, reaching an all time high of 13.47 percent in July of 1995 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 February of 2021.

Producer Prices Change in China is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in China to stand at 1.50 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 2.00 percent in 2022, according to our econometric models.

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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
0.30 -0.40 13.47 -8.20 1995 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-10 01:30 AM Oct -2.1% -2.1% -2% -1.8%
2020-12-09 01:30 AM Nov -1.5% -2.1% -1.8% -1.8%
2021-01-11 01:30 AM Dec -0.4% -1.5% -0.8% -1%
2021-02-10 01:30 AM Jan 0.3% -0.4% 0.4% 0.3%
2021-03-10 01:30 AM Feb 0.3%
2021-04-09 01:30 AM Mar
2021-05-11 01:30 AM Apr
2021-06-09 01:30 AM May


News Stream
China Producer Prices Rise for First Time in A Year
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.
2021-02-10
China Producer Prices Fall the Least in 10 Months
China's producer prices dropped by 0.4 percent from a year earlier in December, slowing from a 1.5 percent fall in November and compared with market estimates of a 0.8 percent decline. This was the eleventh straight month of falling factory gate prices but the smallest since February, amid signs that the economy continued to recover from the COVID-19 crisis. Prices of means of production declined at a softer rate (-0.5% vs -1.8% in November), as cost of extraction (-0.4% vs -3.6%) and raw materials (-1.6% vs -4.2%) fell less, while processing prices were flat after falling 0.8%. At the same time, prices of consumer goods decreased at a slower pace (-0.4% vs -0.8%), as cost decreased for clothing (-1.8% vs -1.8%), daily use goods (-0.4% vs -0.5%), and consumer durables (-1.8% vs -1.8%). Meanwhile, inflation accelerated sharply for food production (0.9% vs 0.1%). For full 2020, producer prices fell 1.8%.
2021-01-11
China Producer Prices Fall Less than Expected
China's producer prices dropped by 1.5 percent year-on-year in November 2020, slowing from a 2.1 percent fall a month earlier and compared with market estimates of a 1.8 percent decline. This was the tenth straight month of falling factory gate prices but the smallest since March, amid signs that the economy continued to recover from the COVID-19 crisis. Prices of means of production declined at a softer rate (-1.8 percent vs -2.7 percent in October), due to extraction (-3.6 percent vs -5.1 percent), raw materials (-4.2 percent vs -6 percent) and processing (-0.8 percent vs -1.2 percent). At the same time, prices of consumer goods fell more (-0.8 percent vs -0.5 percent), as cost decreased for clothing (-1.8 percent vs -1.7 percent), daily use goods (-0.5 percent vs -0.7 percent), and consumer durables (-1.8 percent vs -1.8 percent). Meanwhile, inflation eased sharply for food production (0.1 percent vs 0.8 percent).
2020-12-09
China Producer Prices Fall for 9th Month
China's producer prices declined by 2.1 percent year-on-year in October 2020, the same as in the prior month and compared with market estimates of a 2.0 percent fall. This was the ninth straight month of falling factory gate prices, amid the prolonged impact of the COVID-19 crisis. Means of production continued to fall (-2.7 percent vs -2.8 percent in September), due to extraction (-5.1 percent vs -4.8 percent), raw materials (-6.0 percent vs -6.2 percent) and processing (-1.2 percent vs -1.3 percent). At the same time, prices of consumer goods fell further (-0.5 percent vs -0.1 percent in September), as cost decreased for clothing (-1.7 percent vs -1.7 percent), daily use goods (-0.7 percent vs -0.8 percent), and consumer durables (-1.8 percent vs -1.9 percent). Inflation also eased for food production (0.8 percent vs 2.1 percent).
2020-11-10

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.