China's annual inflation rate unexpectedly fell to 1.1% in June 2021 from May's eight-month high and market expectations of 1.3%, amid a sharp decline in cost of food (-1.7% vs 0.3% in May), as pork prices dropped faster. Meantime, cost of non-food goods were little changed (1.7% vs 1.6%), with prices continuing to rise for transportation & communication (5.8% vs 5.5%); clothing (0.4% vs 0.4%); rent, fuel & utilities (0.9% vs 0.7%); health (0.3% vs 0.2%); household goods and services (0.3% vs 0.4%); and education, culture (1.5% vs 1.5%). On a monthly basis, consumer prices unexpectedly dropped by 0.4% in June, the fourth straight month of decrease, after a 0.2% drop in May and compared with forecasts of a flat reading. source: National Bureau of Statistics of China
Inflation Rate in China averaged 4.99 percent from 1986 until 2021, 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 July of 2021.
Inflation Rate in China is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 3.10 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 3.10 percent in 2022 and 3.00 percent in 2023, according to our econometric models.