China Inflation Rate

Consumer prices in China rose 2.0 percent year-on-year in May of 2016, slowing from a 2.3 percent rise in the previous three months and below market consensus. The politically sensitive food prices increased by 5.9 percent while non-food cost rose at a slower 1.1 percent. Cost of consumer goods gained 2.0 percent and those of services advanced 2.1 percent. On a monthly basis, consumer prices dropped by 0.5 percent, as compared to a 0.2 percent decline in the preceding month and market estimates of a 0.2 percent fall. Inflation Rate in China averaged 5.48 percent from 1986 until 2016, reaching an all time high of 28.40 percent in February of 1989 and a record low of -2.20 percent in April of 1999. Inflation Rate in China is reported by the 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. This page provides – China Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news.