China's producer price inflation eased to a 15-month low of 6.1 percent yoy in June 2022 from 6.4 percent in the prior month and compared with market consensus of 6.0 percent. The latest figure represented the 18th straight month of slowing producer prices, amid measures to contain COVID-19 infections and fears about global recession that triggered a sell-off in ferrous metals. Cost of means of production (7.5% vs 8.1% in May), mainly due to extraction (27.3% vs 29.7%), raw materials (15.2% vs 15.1%), and processing (2.4% vs 3.2%). Meantime, consumer goods inflation accelerated (1.7% vs 1.2%), with prices growing further for food (3.2% vs 2.2%), daily use goods (1.9% vs 1.5%), and clothing (2.3% vs 1.2%); while cost of consumer durable fell further (-0.2% vs -0.1%). On a monthly basis, producer prices were unchanged in June, after gaining 0.1 percent in May Considering the first half of the year, China's factory gate prices grew by 7.7 percent. source: National Bureau of Statistics of China
Producer Prices Change in China averaged 1.50 percent from 1995 until 2022, reaching an all time high of 13.50 percent in October of 2021 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 August of 2022.
Producer Prices Change in China is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Producer Prices Change is projected to trend around 3.00 percent in 2023 and 2.00 percent in 2024, according to our econometric models.