City skyline in China

China Inflation December 2022

China: Inflation rises in December

Consumer price inflation came in at 1.8% in December, which was up from Novembers 1.6% but was still weak by international standards due to depressed demand. Among key subsectors, food prices saw the largest rise, while housing prices declined amid the depressed property market.

Annual average inflation rose to 2.0% in December (November: 1.9%). Meanwhile, producer prices fell 0.7% on an annual basis in December, which was a smaller fall than November’s 1.3% decrease.

Finally, consumer prices were flat in December over the previous month, after the 0.20% drop seen in November.

Looking to 2023, both consumer and producer price inflation are expected to be mild, as upward price pressure from a recovery in domestic demand should be partially offset by lower average commodity prices and the normalization of international supply chains.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest