Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
Inflation in China
Throughout 2013 to 2022, China experienced moderate inflation, typically ranging between 1% and 3%. This stability was a result of China's managed economic growth, vast manufacturing capacity and targeted government interventions. Despite global economic uncertainties, including trade tensions and the pandemic, China's inflation remained controlled, reflecting the government's ability to balance growth with price stability.
Consumer price inflation in China averaged 2.0% in the ten years to 2022. The 2022 average figure was 2.0%. For more inflation information, visit our dedicated page.
China Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for China from 2014 to 2023.
Source: Macrobond.
China Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.9 | 2.5 | 0.9 | 2.0 | 0.2 |
| Inflation (CPI, ann. var. %, eop) | 4.5 | 0.2 | 1.5 | 1.8 | -0.3 |
| Inflation (PPI, ann. var. %, eop) | -0.5 | -0.4 | 10.3 | -0.7 | -2.7 |
| Inflation (PPI, ann. var. %, aop) | -0.3 | -1.8 | 8.1 | 4.2 | -3.0 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese inflation projections for the next ten years from a panel of 55 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Chinese inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese inflation projections.
Want to get access to the full dataset of Chinese inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Thailand: Inflation drops to lowest level since April in August -
Indonesia: Inflation stabilizes in August Inflation remained at 2.1% in August, unchanged from July’s figure. August’s result marked the joint-lowest inflation rate since February 2022.... -
Peru: Inflation drops to lowest level since May in August Inflation inched down to 2.0% in August, following July’s 2.1%. August’s figure marked the weakest inflation rate since May, and... -
Kazakhstan: Inflation drops in August Inflation ticked down to 8.4% in August from July’s 8.5%, though remaining entrenched above the Central Bank’s 5.0% medium-term target.... -
Korea: Inflation falls to lowest level since March 2021 in August Inflation fell to 2.0% in August, following July’s 2.6%. August’s reading represented the weakest inflation rate since March 2021, and... -
Euro Area: Inflation declines in August Harmonized inflation fell to 2.2% in August from July’s 2.6%. August’s figure represented the smallest increase since July 2021 and... -
Poland: Inflation ticks up in August Inflation rose to 4.3% in August from 4.2% in July, remaining above the upper limit of the Central Bank’s inflation...