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China Inflation Rate

Last Release
Jun 30, 2024
Actual
0.2
Units In
%
Previous
0.3
Frequency
Monthly
Next Release
Aug 09, 2024
Time to Release
29 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
28.4
Feb 1989
-2.2
Apr 1999
4.67 %1986-2024National Bureau of Statistics of China
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.

Latest Updates

China's annual inflation rate edged down to 0.2% in June 2024 from 0.3% in the prior two months, falling short of market estimates of 0.4%. It was the fifth straight month of consumer inflation but the lowest figure since March amid a fragile economic recovery. Food prices slipped for the 12th month (-2.1% vs -2.0%) despite a steep acceleration in pork prices during the Dragon Boat Festival. Meanwhile, non-food inflation was stable (at 0.8%), with prices rising further for clothing (1.5% vs 1.6% in May), housing (0.2% vs 0.2%), health (1.5% vs 1.5%), and education (1.7% vs 1.7%). At the same time, transport cost continued to fall (-0.3% vs -0.2%), as moves from some of China’s public utility companies to raise utility prices earlier in the year had a limited impact. The core consumer prices, deducting food and energy costs, increased 0.6% yoy, the same as in May. Monthly, the CPI declined by 0.2%, the third time of fall so far this year, compared with the consensus of a 0.1% fall.

China Inflation Rate History

Last 12 readings

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