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 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.

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.

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]

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.

China Consumer Price Index (CPI): MoM: Residence: Rent data was reported at 100.100 Prev Mth=100 in Feb 2025. This records an increase from the previous number of 100.000 Prev Mth=100 for Jan 2025. China Consumer Price Index (CPI): MoM: Residence: Rent data is updated monthly, averaging 100.100 Prev Mth=100 from Jan 2005 (Median) to Feb 2025, with 242 observations. The data reached an all-time high of 102.000 Prev Mth=100 in Jul 2010 and a record low of 99.700 Prev Mth=100 in Nov 2019. China Consumer Price Index (CPI): MoM: Residence: Rent 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: Previous Month=100.

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.

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.

CN: CPI: Chicken data was reported at 106.600 Prev Year=100 in Sep 2022. This records an increase from the previous number of 92.000 Prev Year=100 for May 2021. CN: CPI: Chicken data is updated monthly, averaging 91.300 Prev Year=100 from Feb 2019 (Median) to Sep 2022, with 11 observations. The data reached an all-time high of 106.600 Prev Year=100 in Sep 2022 and a record low of 82.200 Prev Year=100 in Dec 2020. CN: CPI: Chicken 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.

Graph and download economic data for Real GDP at Constant National Prices for China (RGDPNACNA666NRUG) from 1952 to 2019 about China, real, GDP, and price.

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.

China Consumer Price Index (CPI): ECE: Education: Education Article data was reported at 101.700 Prev Year=100 in 2023. This records a decrease from the previous number of 102.000 Prev Year=100 for 2022. China Consumer Price Index (CPI): ECE: Education: Education Article data is updated yearly, averaging 101.850 Prev Year=100 from Dec 2016 (Median) to 2023, with 8 observations. The data reached an all-time high of 102.800 Prev Year=100 in 2019 and a record low of 101.100 Prev Year=100 in 2016. China Consumer Price Index (CPI): ECE: Education: Education 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.

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.

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: Changsha data was reported at 100.200 Prev Mth=100 in Jan 2025. This records a decrease from the previous number of 100.500 Prev Mth=100 for Dec 2024. CN: Consumer Price Index: MoM: Clothing: 36 City: Changsha data is updated monthly, averaging 100.100 Prev Mth=100 from Jan 2012 (Median) to Jan 2025, with 157 observations. The data reached an all-time high of 101.200 Prev Mth=100 in Jan 2013 and a record low of 99.600 Prev Mth=100 in Aug 2019. CN: Consumer Price Index: MoM: Clothing: 36 City: Changsha 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.