Inflation in China
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
|Inflation Rate (CPI, annual variation in %)||2.6||2.0||1.4||2.0||1.6|
5 years of economic forecasts for more than 30 economic indicators.
China Inflation Chart
Source: National Bureau of Statistics of China and Met the why particular calculations.
|Bond Yield||3.14||-0.11 %||Feb 21|
|Exchange Rate||6.72||-0.19 %||Feb 21|
|Stock Market||2,752||-0.34 %||Feb 21|
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February 22, 2019
House prices in 70 large- and medium-sized cities rose 0.6% in January in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
February 15, 2019
In January, Chinese banks distributed CNY 3.23 trillion (USD 477 billion) in new yuan loans, the highest print on record.
February 14, 2019
Consumer prices rose 0.5% from the previous month in January, following December’s flat reading.
February 14, 2019
In January, exports expanded 9.1% over the same month last year, which contrasted the 4.4% drop in December.
January 31, 2019
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) inched up from 49.4% in December to 49.5% in January.