China's producer prices surged by 13.5% year-on-year in October 2021, beating market expectations of a 12.4% gain and following September's figure of a 10.7% rise. This was the tenth straight month of increase in factory gate prices and the strongest growth since 1995, amid a jump in cost of raw materials and widening power shortage. Prices of means of production increased faster (17.9% vs 14.2% in September), led by extraction (66.5% vs 49.4%), raw materials (25.7% vs 20.4 %), and processing (10.8.% vs 8.9%). At the same time, prices of consumer goods advance more (0.6% vs 0.4%), with cost accelerating for both daily use goods and clothing rose (0.8 vs 0.4%) and food (1.0% vs 0.7%), while fell for consumer durables (-0.1% vs 0.2%). On a monthly basis, producer prices rose 2.5 percent. source: National Bureau of Statistics of China

Producer Prices Change in China averaged 1.32 percent from 1995 until 2021, 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 December of 2021.

Producer Prices Change in China is expected to be 10.90 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 2022 and 2.00 percent in 2023, according to our econometric models.

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China Producer Prices Change


Calendar GMT Actual Previous Consensus TEForecast
2021-10-14 01:30 AM Sep 10.7% 9.5% 10.5% 9.8%
2021-11-10 01:30 AM Oct 13.5% 10.7% 12.4% 11.5%
2021-12-09 01:30 AM Nov 13.5% 12.6% 13.2%


Related Last Previous Unit Reference
Inflation Rate 1.50 0.70 percent Oct/21
Inflation Rate Mom 0.70 0.00 percent Oct/21
Consumer Price Index CPI 101.30 100.60 points Oct/21
Core Consumer Prices 101.30 101.20 points Oct/21
Core Inflation Rate 1.30 1.20 percent Oct/21
GDP Deflator 698.12 689.46 points Dec/20
Producer Prices 113.10 110.30 points Oct/21
Producer Prices Change 13.50 10.70 percent Oct/21
Food Inflation -2.40 -5.20 percent Oct/21

News Stream
China Producer Inflation Highest Since 1995
China's producer prices surged by 13.5% year-on-year in October 2021, beating market expectations of a 12.4% gain and following September's figure of a 10.7% rise. This was the tenth straight month of increase in factory gate prices and the strongest growth since 1995, amid a jump in cost of raw materials and widening power shortage. Prices of means of production increased faster (17.9% vs 14.2% in September), led by extraction (66.5% vs 49.4%), raw materials (25.7% vs 20.4 %), and processing (10.8.% vs 8.9%). At the same time, prices of consumer goods advance more (0.6% vs 0.4%), with cost accelerating for both daily use goods and clothing rose (0.8 vs 0.4%) and food (1.0% vs 0.7%), while fell for consumer durables (-0.1% vs 0.2%). On a monthly basis, producer prices rose 2.5 percent.
2021-11-10
China Producer Prices Rise at Record Pace
China's producer prices increased by 10.7% year-on-year in September 2021, beating market expectations of a 10.5% rise and August's figure of a 9.5% gain. This was the ninth straight month of increase in factory gate prices and the strongest growth at least since the data began to be reported in October 1996, amid surging cost of raw materials. Prices of means of production rose faster (14.2% vs 12.7% in August), led by extraction (49.4% vs 41.8%), raw materials (20.4% vs 18.3 %), and processing (8.9% vs 8%). At the same time, prices of consumer goods also advance more (0.4% vs 0.3%), with cost accelerating for both daily use goods (0.4% vs 0.1%) and clothing (0.4% after being flat in August) while recovering for consumer durables (0.2% vs -0.1%). Meantime, prices of food production continued to increase (0.7% vs 0.9%). On a monthly basis, producer prices went up 1.2 percent.
2021-10-14
China Producer Prices Rise the Most in 13 Years
China's producer prices increased by 9.5% year-on-year in August 2021, compared with market expectations and July's figure of a 9% gain. This was the eighth straight month of increase in factory gate prices and the steeper pace since August 2008, amid rising commodity prices and despite Beijing's efforts to cool them. Prices of means of production rose faster (12.7% vs 12% in July), led by extraction (41.8% vs 38.7%), raw materials (18.3% vs 17.9 %), and processing (8% vs 7.5%). At the same time, prices of consumer goods were stable for the third month in a row (at 0.3%), with cost slowing for both daily use goods (0.1% vs 0.5%) and food production (0.9% vs 1%) while continuing to fall for consumer durables (-0.1% vs -0.3%) and being flat for clothing (vs-0.4% in July). On a monthly basis, producer prices went up 0.7%, after a 0.9% gain in July.
2021-09-09

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.