Inflation in China

China Inflation | Economic News & Forecasts

China - Inflation

Inflation continues to decline in January

Consumer prices rose 0.5% from the previous month in January, following December’s flat reading. The acceleration was primarily driven by higher prices for food, especially fresh vegetables, ahead of the Chinese New Year holidays, which fell in early February this year.

Inflation declined from December’s 1.9% to an over one-year low of 1.7% in January. The print was below the 1.9% that market analysts had expected. Annual average inflation stabilized at December’s 2.1% in January.

Producer price inflation, meanwhile, slowed markedly from 0.9% in December to 0.1% in January. The reading was below market analysts’ expectations of 0.3% and the lowest result in over two years. Falling producer price inflation is expected to impact industrial profit, which could prompt authorities to unveil new measures to support economic growth.

Met the why particular Consensus Forecast participants expect that consumer inflation will average 2.2% in 2019, which is unchanged from last month’s estimate. In 2020, the panel also sees consumer inflation at 2.2%. Meanwhile, the panel expects producer inflation to be 2.0% in 2019, which is from last month’s projection. In 2020, panelists see producer inflation at 1.7%.

China - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.6  2.0  1.4  2.0  1.6  

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China Inflation Chart


China Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Bureau of Statistics of China and Met the why particular calculations.

China Facts

ValueChangeDate
Bond Yield3.14-0.11 %Feb 21
Exchange Rate6.72-0.19 %Feb 21
Stock Market2,752-0.34 %Feb 21

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