Inflation Rate in China decreased to 0 percent in July from 0.10 percent in June of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

In June 2025, the monthly inflation rate in China ranged at 0.1 percent compared to the same month in the previous year. Inflation had peaked at 2.8 percent in September 2022, but eased thereafter. The annual average inflation rate in China ranged at 0.2 percent in 2024. China’s inflation in comparison The term inflation means the devaluation of money caused by a permanent increase of the price level for products such as consumer or investment goods. The inflation rate is most commonly measured by the Consumer Price Index. The Consumer Price Index shows the price development for private expenses based on a basket of products representing the consumption of an average consumer household. Compared to other major economies in the world, China has a moderate and stable level of inflation. The inflation in China is on average lower than in other BRIC countries, although China enjoys higher economic growth rates. Inflation rates of developed regions in the world had for a long time been lower than in China, but that picture changed fundamentally during the coronavirus pandemic with most developed countries experiencing quickly rising consumer prices. Regional inflation rates in China In China, there is a regional difference in inflation rates. As of May 2025, Shaanxi province experienced the highest CPI growth, while Guangxi reported the lowest. In recent years, inflation rates in rural areas have often been slightly higher than in the cities. According to the National Bureau of Statistics of China, inflation was mainly fueled by a surge in prices for food and micellaneous items and services in recent months. The price gain in other sectors was comparatively slight. Transport prices have decreased recently, but had grown significantly in 2021 and 2022.

The Consumer Price Index in China increased 0.40 percent in July of 2025 over the previous month. This dataset provides - China Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Inflation, consumer prices (annual %) in China was reported at 0.21813 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Core consumer prices in China increased 0.20 percent in October of 2024 over the same month in the previous year. This dataset provides - China Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In June 2025, the core consumer price inflation rate in China, which does not include food and fuel prices, increased by 0.7 percent compared to the same month of the previous year. On an annual average basis, core inflation reached 0.5 percent in 2024. This was slightly higher than overall consumer price inflation, which ranged at only 0.2 percent in 2024 and was mainly pushed down by lower fuel prices.

Graph and download economic data for Inflation, consumer prices for China (FPCPITOTLZGCHN) from 1987 to 2024 about China, consumer, CPI, inflation, price index, indexes, and price.

Core Inflation Rate MoM in China increased to 0.40 percent in July from 0 percent in June of 2025. This dataset includes a chart with historical data for China Core Inflation Rate MoM.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in China was -0.11 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at -0.21 percent. Compared to a year ago, we see a decrease from the...

A regional breakdown of the Consumer Price Index (CPI) in China reveals considerable variations across different regions. In June 2025, Guangxi province displayed a CPI of about 99.3 points (same month previous year = 100), whereas the CPI in Anhui province reached 100.8 points. Consumer price development in China The Consumer Price Index measures the average changes over time in the price level of a market basket of consumer goods and services purchased by consumers. It is closely related to the inflation rate. The consumer inflation rate is derived from the annual percentage increase of the CPI. After 2011, China experienced a slight decrease in domestic inflation. Between 2014 and 2018, the annual inflation rate ranged at around two percent or lower. In 2019, inflation increased again to 2.9 percent and remained high during 2020, but is forcast to decrease in the coming years. Monthly inflation rates peaked at 5.4 percent in January 2020 due to the coronavirus pandemic, but declined quickly in the following months and reached negative values in November 2020. Regional and sectoral inflation rates In recent years, inflation rates in the largest cities and developed regions often remained below those in developing regions in the inner provinces. The CPI in rural regions was on average slightly higher than in urban areas. The annual CPI of food, tobacco and liquor in China ranged among the highest during 2020 - mainly driven by rising pork and meat prices, whereas the transportation and communication’s CPI was one of the lowest. With the travel sector recovering from the coronavirus pandemic in the first half of 2021, monthly prices for transportation started to increase again.

Key information about China Consumer Price Index CPI growth

• China Consumer Price Index (CPI) growth was measured at -0.7 % YoY in Feb 2025, compared with a rate of 0.5 % in the previous month.
• China Consumer Price Index growth data is updated monthly, available from Jan 1985 to Feb 2025, with an averaged number of 2.5 % YoY.
• The data reached an all-time high of 28.4 % YoY in Feb 1989 and a record low of -2.2 % YoY in May 1999.

Inflation, monthly percent change in the CPI in China, June, 2025 The most recent value is -0.1 percent as of June 2025, an increase compared to the previous value of -0.2 percent. Historically, the average for China from February 1986 to June 2025 is 0.35 percent. The minimum of -2.31 percent was recorded in July 1989, while the maximum of 4.43 percent was reached in September 1988. | TheGlobalEconomy.com

In June 2025, consumer prices for food products in China decreased by 0.3 percent compared to the same month of the previous year. On an annual average basis, food inflation reached -0.6 percent in 2024. This was lower than overall consumer price inflation, which ranged at 0.2 percent in 2024.

China Consumer Price Index (CPI): Expected Inflation data was reported at 3.000 % in 2019. This stayed constant from the previous number of 3.000 % for 2018. China Consumer Price Index (CPI): Expected Inflation data is updated yearly, averaging 3.000 % from Dec 2005 (Median) to 2019, with 15 observations. The data reached an all-time high of 4.800 % in 2008 and a record low of 3.000 % in 2019. China Consumer Price Index (CPI): Expected Inflation data remains active status in CEIC and is reported by The Central People's Government. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index.

Cost of food in China decreased 1.60 percent in July of 2025 over the same month in the previous year. This dataset provides - China Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The graph shows the Consumer Price Index (CPI) in China as of June 2025, by sector and area. That month, the CPI for transportation and communication in urban areas resided at **** index points. Measuring inflation The Consumer Price Index (CPI) is an economic indicator that measures changes in the price level of a representative basket of consumer goods and services. It is calculated by taking price changes for each item in the market basket and averaging them. Goods and services are weighted according to their significance. The CPI can be used to assess the price changes related to the cost of living. It is also useful for identifying periods of inflation and deflation. A significant rise in CPI during a short period of time denotes inflation and a significant drop during a short period of time suggests deflation. Development of inflation in China Annual projections of China’s inflation rate forecast by the IMF estimate a relatively low increase in prices in the coming years. The implications of low inflation are two-fold for a national economy. On the one hand, price levels remain largely stable which may lead to equal or increased spending levels by domestic consumers. On the other hand, low inflation signifies an expansion slowdown of the economy, as is reflected by China’s gross domestic product growth. In recent years, inflation rates in rural areas have on average been slightly higher than in the cities. This reflects a shift of economic growth from the largest cities and coastal regions to the inner provinces and the countryside. Higher price levels in rural areas in turn relate to higher inflation rates of food products.

Inflation, GDP deflator: linked series (annual %) in China was reported at --0.7072 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Inflation, GDP deflator: linked series (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

In 2024, the consumer price inflation rate in Shanghai municipality in China ranged at 0.0 percent. In comparison, the national inflation rate for China was slightly higher and stood at 0.2 percent that same year.

Inflation rate (GDP deflator) of China soared by 39.84% from -0.5 % in 2023 to -0.7 % in 2024. Since the 56.76% drop in 2022, inflation rate (GDP deflator) sank by 136.56% in 2024. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.