China's annual inflation rate unexpectedly edged lower to 0.7% in September 2021 from 0.8% a month earlier and compared with market estimates of 0.9%. This was the lowest reading since March, mainly due to a steeper decline in cost of food (-5.2%) with pork prices falling faster (-46.9%). Meantime, prices of non-food were little changed (2% vs 1.9% in August), as cost rose further for transportation & communication (5.8% vs 5.9%), fuel & utilities (1.3% vs 1.1%), household goods and services (0.5% vs 0.6%), and education, culture (3.2% vs 3%); while inflation was flat for both clothing (at 0.5%) and health (at 0.4%). Beijing has set a 2021 CPI growth target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices were flat in September, missing forecasts of a 0.3% gain and after a 0.1% rise in August. source: National Bureau of Statistics of China

Inflation Rate in China averaged 4.96 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 October of 2021.

Inflation Rate in China is expected to be 1.00 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 2.50 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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China Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-09-09 01:30 AM Aug 0.8% 1.0% 1% 1%
2021-10-14 01:30 AM Sep 0.7% 0.8% 0.9% 0.8%
2021-11-10 01:30 AM Oct 0.7%


News Stream
China Inflation Rate Slows to 6-Month Low
China's annual inflation rate unexpectedly edged lower to 0.7% in September 2021 from 0.8% a month earlier and compared with market estimates of 0.9%. This was the lowest reading since March, mainly due to a steeper decline in cost of food (-5.2%) with pork prices falling faster (-46.9%). Meantime, prices of non-food were little changed (2% vs 1.9% in August), as cost rose further for transportation & communication (5.8% vs 5.9%), fuel & utilities (1.3% vs 1.1%), household goods and services (0.5% vs 0.6%), and education, culture (3.2% vs 3%); while inflation was flat for both clothing (at 0.5%) and health (at 0.4%). Beijing has set a 2021 CPI growth target of around 3%, compared with 3.5% last year. On a monthly basis, consumer prices were flat in September, missing forecasts of a 0.3% gain and after a 0.1% rise in August.
2021-10-14
China Inflation Rate at 5-Month Low
China's annual inflation rate unexpectedly was at 0.8% in August 2021, compared with market consensus and July's figure of 1%. This was the lowest figure in five months, amid a steeper decline in cost of food with pork prices dropping faster. Also, cost of non-food slowed (1.9% vs 2.1% in July), with inflation mainly easing for transportation & communication (5.9% vs 6.9%) while prices rose further for clothing (0.5% vs 0.4%); household goods and services (0.6% vs 0.3%); and education, culture (3% vs 2.7%). Inflation for rent, fuel & utilities (1.1% vs 1.1%) and health (0.4% vs 0.4%) was steady. Beijing has set a 2021 CPI growth target of around 3 percent, compared with 3.5 percent last year. On a monthly basis, consumer prices rose by 0.1% in August, missing forecasts of 0.5% and after a 0.3% rise in July.
2021-09-09
China Inflation Rate Slows to 3-Month Low
China's annual inflation rate edged down to 1.0% in July 2021 from 1.1% a month earlier and compared with market consensus of 0.8%. This was the lowest reading since April, amid a steeper decline in cost of food (-3.7% vs -1.3% in June), with pork prices dropping faster. Meantime, prices of non-food goods went up 2.1%, after a 1.7% rise in June, as main upward pressure came from transportation & communication 6.9% vs (5.8%); clothing (0.4% vs 0.4%); rent, fuel & utilities (1.1% vs 0.9%); health (0.4% vs 0.2%); household goods and services (0.3% vs 0.3%); and education, culture (2.7% vs 1.5%). On a monthly basis, consumer prices rose 0.3% in July, the first gain in five months, after a 0.4% drop in June, and compared with forecasts of a 0.2% increase.
2021-08-09

China Last Unit Reference Previous Highest Lowest
Inflation Rate 0.70 percent Sep/21 0.80 28.40 -2.20
Inflation Rate Mom 0.00 percent Sep/21 0.10 2.60 -1.80
Consumer Price Index CPI 100.60 points Sep/21 100.60 113.70 100.20
Core Consumer Prices 101.20 points Sep/21 101.20 102.50 98.40
Core Inflation Rate 1.20 percent Sep/21 1.20 2.50 -1.60
GDP Deflator 689.46 points Dec/19 683.80 689.46 100.78
Producer Prices 110.30 points Sep/21 109.10 110.30 96.60
Producer Prices Change 10.70 percent Sep/21 9.50 13.47 -8.20
Food Inflation -5.20 percent Sep/21 -4.10 40.20 -5.50


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.