Consumer Price Index CPI in China increased to 103.20 points in April from 103.10 points in March of 2025. This dataset provides - China Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The National Bureau of Statistics provides Consumer Price Index with base Previous Year=100. [COVID-19-IMPACT]

Inflation Rate in China remained unchanged at -0.10 percent in May. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

A regional breakdown of the Consumer Price Index (CPI) in China reveals considerable variations across different regions. In May 2025, Guangxi province displayed a CPI of about 99.2 points (same month previous year = 100), whereas the CPI in Shanxi province reached 100.3 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.

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.

In May 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 February 2025, Tibet experienced the highest CPI growth, while Beijing 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 graph shows the Consumer Price Index (CPI) in China as of May 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.

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.

Consumer price index (2010 = 100) in China was reported at 133 in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Consumer price index (2010 = 100) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

CN: CPI: Tuber data was reported at 106.500 Prev Year=100 in Sep 2023. This records a decrease from the previous number of 114.400 Prev Year=100 for Mar 2023. CN: CPI: Tuber data is updated monthly, averaging 112.700 Prev Year=100 from May 2022 (Median) to Sep 2023, with 5 observations. The data reached an all-time high of 116.100 Prev Year=100 in Jun 2022 and a record low of 106.500 Prev Year=100 in Sep 2023. CN: CPI: Tuber data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

CN: CPI: Movie and Show Ticket data was reported at 111.000 Prev Year=100 in Jan 2025. This records an increase from the previous number of 101.100 Prev Year=100 for Dec 2023. CN: CPI: Movie and Show Ticket data is updated monthly, averaging 105.900 Prev Year=100 from Jul 2023 (Median) to Jan 2025, with 3 observations. The data reached an all-time high of 111.000 Prev Year=100 in Jan 2025 and a record low of 101.100 Prev Year=100 in Dec 2023. CN: CPI: Movie and Show Ticket data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

Core Consumer Prices in China decreased to 100.10 points in September from 100.80 points in August of 2024. This dataset provides - China Core Consumer Prices - 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.

CN: CPI: Energy data was reported at 98.300 Prev Year=100 in Dec 2024. This records an increase from the previous number of 96.200 Prev Year=100 for Nov 2024. CN: CPI: Energy data is updated monthly, averaging 99.400 Prev Year=100 from Jan 2023 (Median) to Dec 2024, with 12 observations. The data reached an all-time high of 103.400 Prev Year=100 in May 2024 and a record low of 90.700 Prev Year=100 in Jun 2023. CN: CPI: Energy data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

Consumer Price Index (CPI) in China, May, 2025 The most recent value is 131.5645 index points as of May 2025, a decline compared to the previous value of 131.8282 index points. Historically, the average for China from January 1986 to May 2025 is 88.3346 index points. The minimum of 25.331 index points was recorded in August 1986, while the maximum of 133.1705 index points was reached in February 2024. | TheGlobalEconomy.com

CN: CPI: Household Service data was reported at 102.400 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 102.600 Prev Year=100 for Feb 2025. CN: CPI: Household Service data is updated monthly, averaging 103.050 Prev Year=100 from Jan 2024 (Median) to Mar 2025, with 4 observations. The data reached an all-time high of 106.900 Prev Year=100 in Jan 2025 and a record low of 102.400 Prev Year=100 in Mar 2025. CN: CPI: Household Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

CN: CPI: Culture & Entertainment Service data was reported at 100.700 Prev Year=100 in Mar 2025. This records a decrease from the previous number of 102.200 Prev Year=100 for Apr 2021. CN: CPI: Culture & Entertainment Service data is updated monthly, averaging 101.450 Prev Year=100 from Apr 2021 (Median) to Mar 2025, with 2 observations. The data reached an all-time high of 102.200 Prev Year=100 in Apr 2021 and a record low of 100.700 Prev Year=100 in Mar 2025. CN: CPI: Culture & Entertainment Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

CN: CPI: Gasoline data was reported at 99.400 Prev Year=100 in Jan 2025. This records an increase from the previous number of 96.000 Prev Year=100 for Dec 2024. CN: CPI: Gasoline data is updated monthly, averaging 110.500 Prev Year=100 from Jul 2018 (Median) to Jan 2025, with 53 observations. The data reached an all-time high of 136.700 Prev Year=100 in Nov 2021 and a record low of 80.600 Prev Year=100 in Jun 2020. CN: CPI: Gasoline data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

CN: CPI: Transportation Rental Cost data was reported at 103.200 Prev Year=100 in Oct 2024. This records an increase from the previous number of 100.800 Prev Year=100 for Jul 2024. CN: CPI: Transportation Rental Cost data is updated monthly, averaging 104.150 Prev Year=100 from Mar 2023 (Median) to Oct 2024, with 6 observations. The data reached an all-time high of 117.400 Prev Year=100 in Feb 2024 and a record low of 100.800 Prev Year=100 in Jul 2024. CN: CPI: Transportation Rental Cost data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.

CN: CPI: Other Family Service data was reported at 102.400 Prev Year=100 in Jan 2024. CN: CPI: Other Family Service data is updated monthly, averaging 102.400 Prev Year=100 from Jan 2024 (Median) to Jan 2024, with 1 observations. The data reached an all-time high of 102.400 Prev Year=100 in Jan 2024 and a record low of 102.400 Prev Year=100 in Jan 2024. CN: CPI: Other Family Service data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IA: Consumer Price Index: Same Month PY=100.