China's annual inflation dropped to 1.6% yoy in November 2022 from 2.1% in the prior month, matching market consensus. This was the lowest figure since March. On a monthly basis, consumer prices declined by 0.2% in November, the first drop in August, in line with estimates, and after a 0.1% gain in October. source: National Bureau of Statistics of China

Inflation Rate in China averaged 4.86 percent from 1986 until 2022, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Inflation Rate in China is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Inflation Rate is projected to trend around 2.00 percent in 2023, according to our econometric models.

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China Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-09 01:30 AM Oct 2.1% 2.8% 2.4% 2.6%
2022-12-09 01:30 AM Nov 1.6% 2.1% 1.6% 1.8%
2023-01-12 01:30 AM Dec 1.6%


Related Last Previous Unit Reference
Inflation Rate 1.60 2.10 percent Nov 2022
Inflation Rate MoM -0.20 0.10 percent Nov 2022
Consumer Price Index CPI 103.30 103.50 points Nov 2022
Core Consumer Prices 100.60 100.60 points Nov 2022
Core Inflation Rate 0.60 0.60 percent Oct 2022
GDP Deflator 722.52 696.46 points Dec 2021
Producer Prices 111.60 111.40 points Oct 2022
Producer Prices Change -1.30 -1.30 percent Nov 2022
Food Inflation 3.70 7.00 percent Nov 2022

China Inflation Rate
In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011.
Actual Previous Highest Lowest Dates Unit Frequency
1.60 2.10 28.40 -2.20 1986 - 2022 percent Monthly

News Stream
China Inflation Rate Drops to 8-Month Low
China's annual inflation fell to 1.6% yoy in November 2022 from 2.1% in the prior month, matching market consensus. This was the lowest figure since March, mainly due to a sharp slowdown in cost of food (3.7% vs 7.0% in October) as pork prices eased further after authorities released national reserves into the market. Meantime non-food inflation was unchanged (at 1.1%), with prices continuing to rise for transport & communication (2.9% vs 3.1%) health (0.5% vs 0.5%), clothing (0.5% vs 0.5%), and education, culture (1.3% vs 1.2%); while cost of housing fell further (-0.2% vs -0.2%). China has set a target of CPI at around 3% for 2022, the same as in 2021. Core consumer prices, excluding the volatile prices of food and energy, rose 0.6%, the same pace as in the prior two months. On a monthly basis, consumer prices declined by 0.2% in November, the first drop since August, in line with estimates, and after a 0.1% gain in October.
2022-12-09
China Inflation Rate Falls More than Expected
China's annual inflation dropped to 2.1% yoy in October 2022 from 2.8% in the prior month, compared with market consensus of 2.4%. This was the lowest figure since May, due to a slowdown in cost of both food and non-food. Official data showed that food inflation eased to 7.0% from September's 25- month peak (7.0% vs 8.8%), despite a further acceleration in pork prices. In addition, non-food inflation slowed to 1.1% from 1.5% in September, amid smaller increases in prices of both transport & communication (3.1% vs 4.5%) and health (0.5% vs 0.7%); and a decline in cost of housing (-0.2% vs 0.3%) with inflation unchanged for both clothing (at 0.5%) and education, culture (at 1.2%). China has set a target of CPI at around 3% for 2022, the same as in 2021. Core consumer prices, excluding the volatile prices of food and energy, rose 0.6%, the same pace as in September. On a monthly basis, consumer prices increased by 0.1% in October, compared with estimates and September's reading of 0.3%.
2022-11-09
China Inflation Rate Rises to 29-Month High
China's annual inflation rose to 2.8% yoy in September 2022 from 2.5% in the prior month, matching market consensus. This was the highest rate since April 2020, mainly due to a sharp jump in cost of food. Statistic agency's data showed Chinese food inflation climbed to its highest in 25 months (8.8% vs 6.1% in August), with pork prices accelerating further despite efforts from authorities to release national meat reserves into the market. In the meantime, non-food inflation eased to 1.5% from 1.7%, amid smaller increases in prices of transport & communication (4.5% vs 4.9%), housing (0.3% vs 0.6%), clothing (0.5% vs 0.6%), and education, culture (1.2% vs 1.6%). China has set a target of CPI at around 3% for 2022, the same as in 2021. On a monthly basis, consumer prices increased by 0.3% in September, compared with estimates of 0.4% and shifting from a 0.1% fall in August.
2022-10-14