China Inflation December 2017

China

China: Inflation rises in December

January 10, 2018

In December, consumer prices rose 0.3% from the previous month, up from November’s flat reading. The print reflected higher prices for food, tobacco and liquors as well as for transportation and communication.

Inflation inched up from November’s 1.7% to 1.8% in December. The print undershot the 1.9% that market analysts had expected. Annual average inflation, meanwhile, steadied at 1.6% in December.

Producer inflation fell from 5.8% in November to 4.9% in December. The print was slightly above market analysts’ expectations of 4.8% and represented the lowest level since November 2016. Annual average producer inflation fell from November’s 6.4% to 6.3% in December.

FocusEconomics Consensus Forecast participants expect that consumer inflation will average 2.2% in 2018, which is unchanged from last month’s estimate. In 2019, the panel sees consumer inflation at 2.3%. Meanwhile, the panel expects producer inflation to be 1.3% in 2018, which is up 0.3 percentage points from last month’s projection. In 2019, panelists see producer inflation at 1.1%.


Author: Ricard Torné, Lead Economist

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China Inflation Chart


China Inflation December 2017

Note: Year-on-year and annual average variation of consumer price index in %.
Source: National Bureau of Statistics of China (NBS).


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