The consumer price index in China rose by 0.2 percent year-on-year in December 2020, after a 0.5 percent fall a month earlier and compared with market consensus of a 0.1 percent gain. Food prices went up 1.2 percent, reversing from a 2.0 percent fall in November, amid adverse weather and rising demand ahead of the Lunar New Year festival. Pork prices fell much softer (-1.3% vs -12.5%) after soaring last year due to the African Swine outbreak. Also, there were rises in cost of health (1.3% vs 1.5%), education (0.9% vs 1.0%), and other goods and services (2.2% vs 2.5%). At the same time, prices of household goods and services were flat for the second straight month, while cost fell for transport (-3.1% vs -3.9%); rent, fuel, and utilities (-0.6% vs -0.6%); and clothing (-0.1% vs -0.3%). On a monthly basis, consumer prices increased by 0.7 percent, the most since February, after a 0.6 percent fall in November. For full 2020, consumer prices rose 2.5%. source: National Bureau of Statistics of China
Inflation Rate in China averaged 5.05 percent from 1986 until 2020, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Inflation Rate in China is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in China to stand at 1.90 in 12 months time. In the long-term, the China Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.