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.

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.

China inflation rate for 2023 was 0.23%, a 1.74% decline from 2022.

• China inflation rate for 2022 was 1.97%, a 0.99% increase from 2021.
• China inflation rate for 2021 was 0.98%, a 1.44% decline from 2020.
• China inflation rate for 2020 was 2.42%, a 0.48% decline from 2019.

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

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.

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.

Im Jahr 2023 hat die durchschnittliche Inflationsrate in China rund 0,2 Prozent betragen. Für das Jahr 2024 wird die durchschnittliche Inflationsrate in China auf rund 0,4 Prozent prognostiziert. Die Statistik zeigt die durchschnittliche Inflationsrate in China im Zeitraum 1981 bis 2023 und Prognosen bis zum Jahr 2029. Die durchschnittliche Inflationsrate in China soll Prognosen zufolge zwischen 2024 und 2029 um insgesamt 1,6 Prozentpunkte steigen. Die Diskontinuität in 2027 und 2029 zeigt jedoch, dass dieser Gesamtanstieg nicht kontinuierlich ist. Die durchschnittliche Inflationsrate soll im Jahr 2029 schätzungsweise zwei Prozent betragen. Die Inflationsrate bildet Veränderungen der Kosten für einen festgelegten Warenkorb ab, der eine repräsentative Auswahl an Waren und Dienstleistungen enthält. Sie wird aus dem Verbraucherpreisindex (VPI) abgeleitet.Hier können Sie weitere Einblicke bezüglich der durchschnittlichen Inflationsrate in Japan, Mongolei und Hongkong finden.

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.

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]

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.

Unemployment Rate in China increased to 5.40 percent in February from 5.20 percent in January of 2025. This dataset provides - China Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average inflation rate in Taiwan was forecast to decrease between 2024 and 2029 by in total 0.6 percentage points. This overall decrease does not happen continuously, notably not in 2028. The inflation is estimated to amount to 1.47 percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like China, South Korea, and Macao SAR China.

The graph shows the Consumer Price Index (CPI) in China as of February 2025, by sector and area. That month, the CPI for transportation and communication in urban areas resided at 97.3 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.

Key information about Hong Kong SAR (China) CPI: Food and Non Alcoholic Beverage Change

• Hong Kong SAR (China) CPI: Food and Non Alcoholic Beverage Change was reported at 0.912 % in Jan 2025.
• This records a decrease from the previous number of 1.002 % for Dec 2024.
• Hong Kong SAR (China) CPI: Food and Non Alcoholic Beverage Change data is updated monthly, averaging 2.760 % from Oct 2000 to Jan 2025, with 292 observations.
• The data reached an all-time high of 11.665 % in Jul 2008 and a record low of -3.333 % in Jul 2002.
• Hong Kong SAR (China) CPI: Food and Non Alcoholic Beverage 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: CPI: Food and Non Alcoholic Beverage: Y-o-Y Growth: Monthly: Seasonally Adjusted.

CEIC calculates Consumer Food Price Index Growth from monthly Consumer Food Price Index. Census and Statistics Department provides Consumer Food Price Index with base October 2019-September 2020=100. Consumer Food Price Index Growth prior to October 2019 is calculated from Consumer Food Price Index with base October 2014-September 2015=100, prior to October 2014 from Consumer Food Price Index with base October 2009-September 2010=100, and prior to October 2005 from Consumer Food Price Index with base October 2004-September 2005=100.

Of the major developed and emerging economies, China had the lowest inflation rate at 0.1 percent in December 2024. On the other end of the spectrum, the inflation rate in Russia stood at nearly 10 percent. The country's inflation rate increased sharply after the country's President, Vladimir Putin, decided to invade Ukraine, declined somewhat in 2023, before increasing slowly again since. The rate of inflation reflects changes in the cost of a specified basket containing a representative selection of goods and services. It is derived from the consumer price index (CPI).

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

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 Hong Kong SAR (China) Consumer Price Index CPI growth

• Hong Kong SAR (China) Consumer Price Index (CPI) growth was measured at 1.7 % YoY in Feb 2025, compared with a rate of 1.8 % in the previous month.
• Hong Kong SAR (China) Consumer Price Index growth data is updated monthly, available from Oct 2000 to Feb 2025, with an averaged number of 2.0 % YoY.
• The data reached an all-time high of 7.9 % YoY in Jul 2011 and a record low of -4.1 % YoY in Jul 2003.

CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. Census and Statistic Department provides Consumer Price Index with base October 2019-September 2020=100. Consumer Price Index Growth prior to October 2019 is calculated from Consumer Price Index with base October 2014-September 2015=100, prior to October 2014 from Consumer Price Index with base October 2009-September 2010=100, and prior to October 2005 from Consumer Price Index with base October 2004-September 2005=100. [COVID-19-IMPACT]

The statistic shows the growth rate of the real gross domestic product (GDP) in Japan from 2019 to 2023, with projections up until 2029. In 2023, Japan's GDP increased by 1.68 percent compared to the previous year. For comparison, the GDP growth rate of China had reached about 8.45 percent that same year.Gross domestic product growth rate in JapanGDP serves as one of the most heavily relied upon indicators to gauge the state and health of a country’s economy. GDP is the total market value of all final goods and services that have been produced within a nation’s borders in a given period of time, usually a year. GDP figures allow a more fundamental understanding of a country’s economy. Year-on-year GDP growth acts as a helpful and clear sign of the direction in which a country is moving in economic terms. Real GDP is especially useful and insightful as it takes price changes (inflation and deflation) into account.The gross domestic product growth rate in Japan has been shaky since the recession of 2008 struck the world economy like a bolt out of the blue and Japan is still yet to gain a solid foothold. Despite its ongoing financial predicament however, Japan remains one of the world’s most highly developed economies. The economy of Japan is the third largest worldwide by nominal GDP and the nation has a very active manufacturing sector. It is active in the auto manufacturing sector, the third largest in the world after the United States and China, and has an electronics industry that is counted among the worlds most innovative. Japan can boast many titles, but perhaps the most significant to its future stability is that which relates to its astronomical national debts, currently running at over 200 percent of GDP, roughly 10.5 trillion US dollars.

China Purchasing Price Index: Building Material data was reported at 94.300 Prev Year=100 in 2024. This records an increase from the previous number of 94.100 Prev Year=100 for 2023. China Purchasing Price Index: Building Material data is updated yearly, averaging 102.600 Prev Year=100 from Dec 1986 (Median) to 2024, with 39 observations. The data reached an all-time high of 140.900 Prev Year=100 in 1993 and a record low of 94.100 Prev Year=100 in 2023. China Purchasing Price Index: Building Material 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.IE: Purchasing Price Index.