China's producer prices declined 3.1 percent year-on-year in April 2020, following a 1.5 percent drop in the previous month and compared with market consensus of a 2.6 percent fall. This was the steepest deflation rate since April 2016, underlining damage caused by the coronavirus outbreak. Cost of means of production fell faster (-4.5 percent vs -2.4 percent in March), led by extraction (-11.6 percent vs -4 percent), raw materials (-8.8 percent vs -5.2 percent) and processing (-2.2 percent vs -1.2 percent). In addition, consumer goods price inflation slowed to 0.9 percent, the lowest in eight months, with cost for food productions rising at a softer pace (3.7 percent vs 4.5 percent) and prices falling for clothing (-0.6 percent vs -0.5 percent), daily use goods (-0.1 percent vs 0.1 percent) and consumer durables (-1.7 percent vs -1.9 percent).
Producer Prices Change in China averaged 1.21 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 June of 2020. source: National Bureau of Statistics of China
Producer Prices Change in China is expected to be -2.80 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 -0.10 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.