China Inflation Rate

Last Release

Dec 31, 2024

Actual

0.1

Units In

0.2

Frequency

Monthly

Next Release

Feb 08, 2025

Time to Release

28 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
28.4 Feb 1989	-2.2 Apr 1999	4.62 %	1986-2024	National Bureau of Statistics of China

In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011.

Latest Updates

China’s annual inflation rate edged down to 0.1% in December 2024 from 0.2% in the previous month, aligning with market estimates and marking the lowest print since March. The latest result underscored mounting deflation risks in the country, despite government stimulus measures and the central bank's supportive monetary policy stance. Food prices fell following rises in the prior four months (-0.5% vs 1.0% in November). Meantime, non-food prices rose by 0.2% after previously showing no change, helped by rises in cost of housing (0.1% vs -0.1%), healthcare (0.9% vs 1.1%), and education (0.9% vs 1.0%), as well as a slower fall in transport cost (-2.2% vs -3.6%). Core consumer prices, excluding food and energy, rose 0.4% yoy, the most in 5 months, after a 0.3% gain in November. Monthly, the CPI remained unchanged, in line with consensus. That followed a 0.6% fall in November, which was the steepest drop in 8 months. For the full year, consumer prices went up 0.2%, matching the 2023 pace.