China Inflation Rate

Last Release

Jan 31, 2025

Actual

0.5

Units In

0.1

Frequency

Monthly

Next Release

Mar 09, 2025

Time to Release

26 Days 1 Hours

Highest	Lowest	Average	Date Range	Source
28.4 Feb 1989	-2.2 Apr 1999	4.61 %	1986-2025	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 surged to 0.5% in January 2025 from 0.1% in December, surpassing market consensus of 0.4%. This marked the highest figure since August 2024, driven by seasonal effects from the Lunar New Year at the end of the month. The latest result also reflected the impact of recent government stimulus measures and the central bank’s supportive monetary policy to aid the economy. Food prices rebounded (0.4% vs -0.5% in December), mostly due to faster price rises for pork (13.8% vs. 12.5%) and fresh vegetables (2.4% vs. 0.5%). Meantime, non-food prices quickened (0.5% vs 0.2%), reflecting further rises in housing (0.1% vs 0.1%), healthcare (0.7% vs 0.9%), and education (1.7% vs 0.9%), as well as a slower drop in transport cost (-0.6% vs -2.2%). Core consumer prices, excluding food and energy, rose 0.6% yoy, the most in 7 months. Monthly, the CPI increased by 0.7%, picking up from December's flat reading and representing the highest level in 11 months.