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.