China's producer price index declined by 0.5 percent year-on-year in December, following a 1.4 percent drop in the previous month and compared with market consensus of a 0.4 percent fall. Cost of means of production decreased less (-1.2 percent vs -2.5 percent in November), mainly due to raw materials (-2.6 percent vs -5 percent), processing (-0.9 percent vs -1.6 percent) and a rebound in extraction prices (2.6 percent vs -1.4 percent). Meanwhile, prices continued to rise for consumer goods (1.3 percent vs 1.6 percent), of which food production (5 percent vs 5.4 percent) and daily use goods (0.1 percent vs 0.1 percent). On the other hand, cost of clothing edged down (-0.1 percent vs 0.3 percent) and prices fell faster for durable goods (-2.4 percent vs -2.1 percent). On a monthly basis, producer prices were flat. For the whole 2019, factory prices fell 0.3 percent, following a 3.5 percent gain in 2018. Producer Prices Change in China averaged 1.24 percent from 1995 until 2019, 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. source: National Bureau of Statistics of China

Producer Prices Change in China is expected to be 1.40 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 1.90 in 12 months time. In the long-term, the China Producer Prices Change is projected to trend around 1.30 percent in 2020, according to our econometric models.


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China Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -1.40 13.47 -8.20 1995 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 01:30 AM Sep -1.2% -0.8% -1.2% -1.2%
2019-11-09 01:30 AM Oct -1.6% -1.2% -1.5% -1.4%
2019-12-10 01:30 AM Nov -1.4% -1.6% -1.5% -1.8%
2020-01-09 01:30 AM Dec -0.5% -1.4% -0.4% -1.2%
2020-02-10 01:30 AM Jan -0.5% -0.8%


News Stream
2019-12-10
China Producer Prices Fall Less than Forecast
China's producer price index declined by 1.4 percent year-on-year in November, following a 1.6 percent decrease in the previous month and compared to market expectations of a 1.5 percent drop. Cost of means of production continued to decline (-2.5 percent vs -2.6 percent), due to raw materials (-5 percent vs -5.6 percent), processing (-1.6 percent vs -1.5 percent), and extraction (-1.4 percent vs -1.9 percent). Meanwhile, prices went up further for consumer goods (1.6 percent vs 1.4 percent), of which food production (5.4 percent vs 4.4 percent), daily use goods (0.1 percent vs 0.4 percent) and clothing (0.3 percent vs 0.6 percent), but fell faster for durable goods (-2.1 percent vs -1.8 percent). On a monthly basis, producer prices declined by 0.1 percent in November. Considering the first eleven month of the year, producer prices fell 0.3 percent compared with the same period of 2018.

2019-11-09
China Producer Prices Fall the Most in Over 3 Years
China's producer price index declined by 1.6 percent year-on-year in October 2019, following a 1.2 percent decrease in the previous month and compared to market expectations of a 1.5 percent drop. It was the sharpest fall in producer prices since July 2016, as cost of means of production dropped faster (-2.6 percent vs -2 percent in September), led by raw materials (-5.6 percent vs -4.8 percent), processing (-1.5 percent vs -1.2 percent), and extraction (-1.9 percent vs 0.6 percent). Meanwhile, prices went up further for consumer goods (1.4 percent vs 1.1 percent), of which food production (4.4 percent vs 3.3 percent), daily use goods (0.4 percent vs 0.8 percent), clothing (0.6 percent vs 0.9 percent) and durable goods (-1.8 percent vs -1.8 percent). On a monthly basis, producer prices rose by 0.1 percent in October. Considering the first ten month of the year, producer prices fell 0.2 percent compared with the same period of 2018.

2019-10-15
China Producer Prices Fall the Most in Over 3 Years
China's producer price index fell 1.2 percent year-on-year in September 2019, following a 0.8 percent decrease in the previous month and matching market expectations. It was the sharpest fall in producer prices since July 2016, as cost of means of production dropped further (-2 percent vs -1.3 percent in August), led by raw materials (-4.8 percent vs -3.5 percent), processing (-1.2 percent vs -0.8 percent), and extraction (0.6 percent vs 2.8 percent). Meanwhile, prices went up at a faster pace for consumer goods (1.1 percent vs 0.7 percent), of which food production (3.3 percent vs 2.6 percent), daily use goods (0.8 percent vs 0.6 percent), clothing (0.9 percent, the same as in August) and durable goods (-1.8 percent vs -2 percent). On a monthly basis, producer prices rose by 0.1 percent in September. Considering the first nine month of the year, producer prices were flat compared with the same period of 2018.

2019-09-10
China Producer Prices Fall the Most in 3 Years
China's producer price index fell 0.8 percent year-on-year in August 2019, following a 0.3 percent decrease in the previous month and compared with market expectations of a 0.9 percent decline. It was the sharpest fall in producer prices since August 2016, as cost of means of production dropped further (-1.3 percent vs -0.7 percent in July), mainly due to raw materials (-3.5 percent vs -2.9 percent), processing (-0.8 percent vs -0.2 percent), and extraction (2.8 percent vs 3.2 percent). Also, prices eased for consumer goods (0.7 percent vs 0.8 percent), of which durable goods (-2 percent vs -1.2 percent), food production (2 percent vs 2.2 percent), clothing (0.9 percent vs 1.3 percent) and daily use goods (0.6 percent vs 0.8 percent).

2019-08-09
China Producer Prices Fall for 1st Time in 3 Years
China's producer price index declined 0.3 percent year-on-year in July 2019, after being unchanged in June and compared to market expectations of a 0.1 percent drop. This was the first yearly fall in producer prices since August 2016. Cost of means of production fell for the second straight month (-0.7 percent vs -0.3 percent), due to raw materials (-2.9 percent vs -2.1 percent) and processing (-0.2 percent vs flat reading) while extraction prices rose at slower rate (3.2 percent vs 4.5 percent). Meantime, consumer goods inflation hit its lowest in four months (0.8 percent vs 0.9 percent), of which food production (2 percent vs 2.2 percent), clothing (1.3 percent vs 1.6 percent), daily use goods (0.8 percent vs 0.5 percent), and durable goods (-1.2 percent vs -0.9 percent). On a monthly basis, producer prices fell 0.2 percent in July, after a 0.3 percent drop in June.

2019-07-10
China Producer Prices Stall in June
China's producer price index unexpectedly was unchanged from a year earlier in June 2019, after a 0.6 percent gain in the prior month and below market consensus of a 0.3 percent rise. It was the lowest producer inflation since August 2016, when prices declined 0.8 percent. Cost of means of production fell for the first time in four months (-0.3 percent vs 0.6 percent in May), namely raw materials (-2.1 percent vs -0.6 percent), processing (a flat reading vs 0.5 percent) and extraction (4.5 percent vs 6.1 percent). Meantime, consumer goods inflation was steady for the third month in a row (at 0.9 percent), of which food production (at 2.2 percent, the same as May), daily use goods (0.5 percent vs 0.4 percent), clothing (1.6 percent vs 1.5 percent), and durable goods (-0.9 percent vs -0.8 percent). On a monthly basis, producer prices went down 0.3 percent in June, after a 0.2 percent gain in May. Considering the first half of 2019, producer prices rose 0.3 percent.


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.

China Prices Last Previous Highest Lowest Unit
Inflation Rate 4.50 4.50 28.40 -2.20 percent [+]
Inflation Rate Mom 0.00 0.40 2.60 -1.80 percent [+]
Consumer Price Index CPI 104.50 104.50 128.40 97.80 points [+]
Core Consumer Prices 101.40 101.40 102.50 98.40 points [+]
Core Inflation Rate 1.40 1.40 2.50 -1.60 percent [+]
GDP Deflator 684.89 660.59 684.89 100.78 points [+]
Producer Prices 99.50 98.60 113.47 91.80 points [+]
Producer Prices Change -0.50 -1.40 13.47 -8.20 percent [+]
Export Prices 101.10 102.00 116.50 90.20 points [+]
Import Prices 96.40 98.60 122.70 79.60 points [+]
Food Inflation 17.40 19.10 40.20 -5.50 percent [+]