According to latest figures published by the National Bureau of Statistics of China, the average annual inflation rate in China ranged at around 0.2 percent in 2024 compared to the previous year. This was lower than formerly expected by the IMF. For 2025, projections by the IMF published in October 2024 expected the inflation rate to reach around 1.7 percent. The monthly inflation rate in China dropped to negative values in the second half of 2023 and remained comparatively low in 2024. 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.

Inflation Rate in China decreased to -0.70 percent in February from 0.50 percent in January of 2025. This dataset provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the consumer price inflation (CPI) rate in Beijing municipality in China ranged at 0.4 percent. In comparison, the national inflation rate for China was slightly lower and was 0.2 percent the same year.

A regional breakdown of the Consumer Price Index (CPI) in China reveals considerable variations across different regions. In December 2024, Hainan province displayed a CPI of about 98.4 points (same month previous year = 100), whereas the CPI in Tibet reached 101.2 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.

In 2023, the consumer price inflation rate in Shanghai municipality in China ranged at 0.3 percent. In comparison, the national inflation rate for China was slightly lower and stood at 0.2 percent that same year.

The Consumer Price Index in China decreased 0.20 percent in February of 2025 over the previous month. This dataset provides - China Inflation Rate MoM - 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.

A regional breakdown of the Consumer Price Index (CPI) in China reveals considerable variations across different regions. In February 2025, Beijing municipality displayed a CPI of about 98.7 points (same month previous year = 100), whereas the CPI in Tibet reached 100.1 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.

About this dataset

Context

The dataset illustrates the median household income in China town, spanning the years from 2010 to 2021, with all figures adjusted to 2022 inflation-adjusted dollars. Based on the latest 2017-2021 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2021, the median household income for China town increased by $17,576 (24.27%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $4,559 (6.51%) between 2010 and 2021.

Analyzing the trend in median household income between the years 2010 and 2021, spanning 11 annual cycles, we observed that median household income, when adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 5 years and declined for 6 years.

https://i.neilsberg.com/ch/china-me-median-household-income-trend.jpeg" alt="China, Maine median household income trend (2010-2021, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2021
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2022 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for China town median household income. You can refer the same here

CN: Consumer Price Index: MoM: Clothing: 36 City: Hangzhou data was reported at 100.200 Prev Mth=100 in Feb 2025. This records an increase from the previous number of 99.500 Prev Mth=100 for Jan 2025. CN: Consumer Price Index: MoM: Clothing: 36 City: Hangzhou data is updated monthly, averaging 100.000 Prev Mth=100 from Jan 2012 (Median) to Feb 2025, with 158 observations. The data reached an all-time high of 103.100 Prev Mth=100 in Oct 2014 and a record low of 96.000 Prev Mth=100 in Aug 2014. CN: Consumer Price Index: MoM: Clothing: 36 City: Hangzhou 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: 36 City: Previous Month=100.

China Retail Price Index: Food: Cake, Biscuit and Bread data was reported at 101.425 Prev Year=100 in 2015. This records a decrease from the previous number of 101.817 Prev Year=100 for 2014. China Retail Price Index: Food: Cake, Biscuit and Bread data is updated yearly, averaging 102.108 Prev Year=100 from Dec 1994 (Median) to 2015, with 22 observations. The data reached an all-time high of 127.000 Prev Year=100 in 1994 and a record low of 99.200 Prev Year=100 in 2001. China Retail Price Index: Food: Cake, Biscuit and Bread 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.IB: Retail Price Index: Annual.

China Consumer Price Index (CPI): MP: HC: Health Care Appliance & Article data was reported at 103.931 Prev Year=100 in 2015. This records an increase from the previous number of 103.875 Prev Year=100 for 2014. China Consumer Price Index (CPI): MP: HC: Health Care Appliance & Article data is updated yearly, averaging 101.100 Prev Year=100 from Dec 2001 (Median) to 2015, with 15 observations. The data reached an all-time high of 104.400 Prev Year=100 in 2011 and a record low of 97.100 Prev Year=100 in 2002. China Consumer Price Index (CPI): MP: HC: Health Care Appliance & Article 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.

China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Sugar data was reported at 100.600 Prev Year=100 in Dec 2015. This stayed constant from the previous number of 100.600 Prev Year=100 for Nov 2015. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Sugar data is updated monthly, averaging 103.450 Prev Year=100 from Jan 2005 (Median) to Dec 2015, with 132 observations. The data reached an all-time high of 113.600 Prev Year=100 in Sep 2011 and a record low of 99.800 Prev Year=100 in Jan 2014. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Food: Sugar 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.

China Consumer Price Index (CPI): Food, Tobacco & Liquor: Tea & Beverage: Tea data was reported at 101.711 Prev Year=100 in 2015. This records a decrease from the previous number of 101.886 Prev Year=100 for 2014. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Tea & Beverage: Tea data is updated yearly, averaging 101.711 Prev Year=100 from Dec 2001 (Median) to 2015, with 15 observations. The data reached an all-time high of 103.900 Prev Year=100 in 2011 and a record low of 99.700 Prev Year=100 in 2003. China Consumer Price Index (CPI): Food, Tobacco & Liquor: Tea & Beverage: Tea 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.

Cost of food in China decreased 3.30 percent in February 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.

Inflation Rate in Hong Kong decreased to 1.40 percent in February from 2 percent in January of 2025. This dataset provides the latest reported value for - Hong Kong Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

China Consumer Price Index (CPI): Urban: Medicine, Medical Care & Personal Article (MP) data was reported at 101.853 Prev Year=100 in 2015. This records an increase from the previous number of 101.195 Prev Year=100 for 2014. China Consumer Price Index (CPI): Urban: Medicine, Medical Care & Personal Article (MP) data is updated yearly, averaging 101.154 Prev Year=100 from Dec 2001 (Median) to 2015, with 15 observations. The data reached an all-time high of 103.400 Prev Year=100 in 2011 and a record low of 98.000 Prev Year=100 in 2002. China Consumer Price Index (CPI): Urban: Medicine, Medical Care & Personal Article (MP) 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: Urban.

Inflation, GDP deflator (annual %) in China was reported at --0.58239 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

China Consumer Price Index (CPI): Food: Grain: Rice data was reported at 101.557 Prev Year=100 in 2015. This records an increase from the previous number of 101.236 Prev Year=100 for 2014. China Consumer Price Index (CPI): Food: Grain: Rice data is updated yearly, averaging 104.000 Prev Year=100 from Dec 2001 (Median) to 2015, with 15 observations. The data reached an all-time high of 133.200 Prev Year=100 in 2004 and a record low of 98.300 Prev Year=100 in 2002. China Consumer Price Index (CPI): Food: Grain: Rice 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.

Consumer Price Index CPI in China increased to 103.70 points in January from 102.90 points in December of 2024. This dataset provides - China Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.