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.

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.

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.

The graph shows the Consumer Price Index (CPI) in China as of December 2024, by sector and area. That month, the CPI for transportation and communication in urban areas resided at 97.7 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.

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.

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 February 2025, the monthly inflation rate in China ranged at -0.7 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 August 2023, Anhui province experienced the highest CPI growth, while Ningxia 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.

Core Inflation Rate MoM in China decreased to -0.20 percent in February from 0.50 percent in January of 2025. This dataset includes a chart with historical data for China Core Inflation Rate MoM.

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.

In 2024, consumer inflation in China was comparatively low for a broad range of products and services. Falling prices for transportation and communication further pushed down overall inflation. The average annual consumer price inflation rate in China ranged at about 0.2 percent in 2024. Sectoral price developments in China China is a country with a comparatively low and stable inflation rate. This is obvious in comparison to other BRICS countries and is related to China’s low domestic producer prices and the country’s position as a global manufacturing base. However, due to its close connections to the world market, sectoral price changes in China are very much connected to global developments. During 2024, consumer prices were mainly driven by price increases for healthcare and medical services, recreation and education, as well as miscellaneous items and services. At the same time, transportation and communication prices dropped considerably. Regional inflation rates Over the last decade, the economic development in China has spread from the more advanced coastal regions to the countryside. As a result, prices in rural areas often increased relatively faster than in the cities, although from a significantly lower level. This trend was disrupted during the COVID-19 pandemic, with regional inflation rates often rising faster in more developed regions.

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.

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.

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.

In February 2025, the monthly inflation rate of consumer prices ranged at -0.7 percent compared to the same month of the previous year. Consumer prices were pushed down by low prices for transportation, food, and household items, while prices for clothing, recreation and education, healthcare, and miscellaneous items and services increased. During 2021 and 2022, higher inflation was mainly due to high transportation and energy prices.

Producer Price Inflation MoM in China decreased by 0.10 percent in February from -0.20 percent in January of 2025. This dataset includes a chart with historical data for China Producer Price Inflation Mom.

In February 2025, consumer prices for food products in China decreased by 3.3 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.

Key information about China Core CPI Change

• China Core CPI Change was reported at -0.100 % in Feb 2025.
• This records a decrease from the previous number of 0.600 % for Jan 2025.
• China Core CPI Change data is updated monthly, averaging 1.200 % from Jan 2006 to Feb 2025, with 230 observations.
• The data reached an all-time high of 2.500 % in Feb 2018 and a record low of -1.600 % in Aug 2009.
• China Core CPI Change data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Core CPI: Y-o-Y Growth: Monthly.

Consumer Price Index (CPI): Guangdong data was reported at 100.000 Prev Year=100 in 2024. This records a decrease from the previous number of 100.400 Prev Year=100 for 2023. Consumer Price Index (CPI): Guangdong data is updated yearly, averaging 102.303 Prev Year=100 from Dec 1984 (Median) to 2024, with 41 observations. The data reached an all-time high of 129.400 Prev Year=100 in 1988 and a record low of 97.500 Prev Year=100 in 1990. Consumer Price Index (CPI): Guangdong 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: Guangdong.

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.

Consumer Price Index (CPI): Beijing: Residence data was reported at 100.200 Prev Year=100 in 2024. This records a decrease from the previous number of 100.300 Prev Year=100 for 2023. Consumer Price Index (CPI): Beijing: Residence data is updated yearly, averaging 103.215 Prev Year=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 129.200 Prev Year=100 in 1996 and a record low of 89.800 Prev Year=100 in 2009. Consumer Price Index (CPI): Beijing: Residence 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: Beijing.