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). source: National Bureau of Statistics of China
Producer Prices Change in China averaged 1.13 percent from 1995 until 2020, 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 December of 2020.
Producer Prices Change in China is expected to be -0.80 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 0.70 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.