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.

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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-3.10 -1.50 13.47 -8.20 1995 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-10 01:30 AM Jan 0.1% -0.5% 0.1% 0.2%
2020-03-10 01:30 AM Feb -0.4% 0.1% -0.3% -0.4%
2020-04-10 01:30 AM Mar -1.5% -0.4% -1.1% -1.2%
2020-05-12 01:30 AM Apr -3.1% -1.5% -2.6% -2.7%
2020-06-10 01:30 AM May -3.1%
2020-07-09 01:30 AM Jun -2.8%
2020-08-10 01:30 AM Jul
2020-09-09 01:30 AM Aug


News Stream
China Producer Prices Fall the Most in 4 Years
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).
2020-05-12
China Producer Prices Drop the Most in 5 Months
China's producer prices declined by 1.5% year-on-year in March 2020, compared with market consensus of a 1.1% fall and after a 0.4% drop in the previous month. This was the steepest decrease in producer prices since October last year, underlining the damage caused by the coronavirus outbreak. Cost of means of production fell further (-2.4% vs -1% in February), led by raw materials (-5.2% vs -2.2%) and processing (-1.2% vs -0.7%), while extraction prices declined for the first time in four months (-4% vs +1.1%). In addition, consumer goods price inflation dropped to 1.2%, the least in six months, with food productions rising less (4.5% vs 5.1%) and clothing falling for the fourth straight month and at a faster rate (-0.5% vs -0.3%). Meantime, prices of consumer durables dropped slightly less (-1.9% vs 2%).
2020-04-10
China Producer Prices Fall Back into Deflation
China's producer prices declined by 0.4 percent year-on-year in February 2020, reversing a 0.1 percent rise in the previous month and compared to market expectations of a 0.3 percent drop, as the COVID-19 outbreak hit business activity. Cost of means of production continued to fall (-1 percent vs -0.4 percent in January) led by raw materials (-2.2 percent vs -0.8 percent) and processing (-0.7 percent vs -0.6 percent), while extraction price inflation softened (1.1 percent vs 4.7 percent). Meanwhile, consumer goods price inflation was little-changed at 1.4 percent, compared to 1.3 percent in January, on the back of food productions (5.1 percent, the same as in January) and daily use goods (0.1 percent vs flat reading). Prices fell for consumer durables (-2.0 percent vs -2.3 percent) and clothing (-0.3 percent, the same as in January).
2020-03-10
China Producer Prices Rise for 1st Time in 8 Months
China's producer price index increased 0.1 percent year-on-year in January 2020, after a 0.5 percent fall in the previous month and in line with market estimates. This was the highest producer inflation since May 2019, snapping 6 months of annual declines. Prices of consumer goods rose 1.3%, the same as in December, mainly due to food production (5.1% vs 5%), while prices of daily use goods were flat (vs 0.1%) and cost of clothing continued to fall (-0.3% vs -0.1%). At the same time, cost of means of production fell much less (-0.4% vs -1.2%), mainly due to raw materials (-0.8% vs -2.6%), processing (-0.6% vs -0.9%), and extraction prices rose more (4.7% vs 2.6%). Also, prices of consumer durable goods dropped 2.3%, following a 2.4% fall in December. On a monthly basis, producer prices were flat in January, the same as in December.
2020-02-10

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.