China's consumer prices edged up 0.1% yoy in March 2024, compared with market forecasts of 0.4% and after a 0.7% rise in the previous month. The notable slowdown came as the effects of the Lunar New Year waned, with non-food inflation easing (0.7% vs 1.1% in February) as the cost of education moderated sharply (1.8% vs 3.9%) while transport prices fell further (-1.3% vs -0.4%). Simultaneously, inflation was unchanged for clothing (at 1.6%), housing (at 0.2%), and health (at 1.5%). On the food side, prices fell much steeper (-2.7% vs -0.9%), as costs of pork and fresh vegetables turned lower following rises in February. The core consumer prices, deducting food and energy prices, increased by 0.6% yoy in March, slowing from the prior 1.2% which was the fastest rise since January 2022. Monthly, the CPI decreased 1.0%, the first fall in four months and a reversal from a 1.0% rise in February. It came worse than estimates of a 0.5% drop, pointing to the steepest monthly fall in 3 years. source: National Bureau of Statistics of China
Inflation Rate in China decreased to 0.10 percent in March from 0.70 percent in February of 2024. Inflation Rate in China averaged 4.70 percent from 1986 until 2024, 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. This page provides - China Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.
Inflation Rate in China decreased to 0.10 percent in March from 0.70 percent in February of 2024. Inflation Rate in China is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Inflation Rate is projected to trend around 2.20 percent in 2025, according to our econometric models.