China's producer prices declined by 2 percent year-on-year in August 2020, after a 2.4 percent decrease in July and matching market estimates. This was the seventh straight month of fall in factory prices but the smallest in five months, as the economy continues to try to recover from the severe damage caused by the COVID-19 outbreak. Means of production cost deflation eased (-3 percent vs -3.5 percent in July) due to extraction (-5.8 percent vs -7.1 percent), raw materials (-6.4 percent vs -6.9 percent) and processing (-1.4 percent vs -1.8 percent). At the same time, consumer goods price inflation slowed to 0.6 percent from 0.7 percent in July, amid a slowdown in cost of food production (3.1 percent vs 3.7 percent), while prices continued to fall for clothing (-1.3 percent vs -1.1 percent), daily use goods (-0.4 percent vs -0.8 percent) and consumer durables (-1.5 percent vs -1.6 percent).

Producer Prices Change in China averaged 1.15 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 September of 2020. source: National Bureau of Statistics of China

Producer Prices Change in China is expected to be -3.00 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 1.10 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
-2.00 -2.40 13.47 -8.20 1995 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-10 01:30 AM May -3.7% -3.1% -3.3% -3.4%
2020-07-09 01:30 AM Jun -3.0% -3.7% -3.2% -3.1%
2020-08-10 01:30 AM Jul -2.4% -3% -2.5% -2.4%
2020-09-09 01:30 AM Aug -2% -2.4% -2% -1.5%
2020-10-15 01:30 AM Sep -2% -3%
2020-11-10 01:30 AM Oct
2020-12-09 01:30 AM Nov


News Stream
China Producer Prices Fall the Least in 5 Months
China's producer prices declined by 2 percent year-on-year in August 2020, after a 2.4 percent decrease in July and matching market estimates. This was the seventh straight month of fall in factory prices but the smallest in five months, as the economy continues to try to recover from the severe damage caused by the COVID-19 outbreak. Means of production cost deflation eased (-3 percent vs -3.5 percent in July) due to extraction (-5.8 percent vs -7.1 percent), raw materials (-6.4 percent vs -6.9 percent) and processing (-1.4 percent vs -1.8 percent). At the same time, consumer goods price inflation slowed to 0.6 percent from 0.7 percent in July, amid a slowdown in cost of food productions (3.1 percent vs 3.7 percent), while prices continued to fall for clothing (-1.3 percent vs -1.1 percent), daily use goods (-0.4 percent vs -0.8 percent) and consumer durables (-1.5 percent vs -1.6 percent).
2020-09-09
China Producer Prices Fall at Softer Rate
China's producer prices declined by 2.4 percent from a year earlier in July 2020, following a 3 percent decrease in June and compared with market estimates of a 2.5 percent drop. This was the sixth straight month of fall in factory prices, but the smallest in four months as the economy tries to recover from the damage caused by the COVID-19 outbreak. Means of production cost deflation eased (-3.5 percent vs -4.2 percent in June) due to extraction (-7.1 percent vs -10.5 percent), raw materials (-6.9 percent vs -8.5 percent) and processing (-1.8 percent vs -2 percent). At the same time, consumer goods price inflation rose to 0.7 percent from 0.6 percent in June, boosted by cost of food productions (3.7 percent vs 3.2 percent), while prices continued to fall for clothing (-1.1 percent vs -0.8 percent), daily use goods (-0.8 percent vs -0.3 percent) and consumer durables (-1.6 percent vs -1.8 percent).
2020-08-10
China Producer Prices Fall for 5th Month
China's producer prices declined by 3.0 percent year-on-year in June 2020, after a 3.7 percent drop a month earlier and compared with market estimates of a 3.2 percent fall. This was the fifth straight month of fall in factory prices, underlining damage caused by the coronavirus outbreak. Cost of means of production fell less (-4.2 percent vs -5.1 percent in May) due to extraction (-10.5 percent vs -14.8 percent), raw materials (-8.5 percent vs -9.9 percent) and processing (-2 percent vs -2.4 percent). At the same time, consumer goods price inflation rose to 0.6 percent from 0.5 percent in May, with cost of food productions rising faster (3.2 percent vs 2.9 percent) while prices of clothing declined at a slower rate (-0.8 percent vs -0.6 percent). Meantime, cost fell more for both daily use goods (-0.3 percent vs -0.2 percent) and consumer durables (-1.8 percent vs -1.7 percent). For the first half of the year, producer prices fell 1.9 percent compared to the same period of 2019.
2020-07-09
China Producer Prices Fall the Most in Over 4 Years
China's producer prices declined by 3.7 percent year-on-year in May 2020, the most since March 2016 and compared with market consensus of a 3.3 percent fall, underlining damage caused by the coronavirus outbreak. Cost of means of production slumped (-5.1 percent vs -4.5 percent in April), led by extraction (-14.8 percent vs -11.6 percent), raw materials (-9.9 percent vs -8.8 percent) and processing (-2.4 percent vs -2.2 percent). In addition, consumer goods price inflation slowed to 0.5 percent from 0.9 percent in April, with cost for food productions rising at a softer pace (2.9 percent vs 3.7 percent) and prices falling further for clothing (-0.6 percent, the same as in April), daily use goods (-0.2 percent vs -0.1 percent) and consumer durables (-1.7 percent, the same as in April).
2020-06-10

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.