Inflation in China
China - Inflation (end of period)
Inflation stabilizes in October
Consumer prices rose 0.2% from the previous month in October, down from September’s 0.7% increase. The reading was primarily driven by higher prices for clothing and footwear as well as for transportation and communication. Moreover, the fresh vegetables category logged the sharpest drop in five months.
Inflation stabilized at September’s 2.5% in October, matching the result expected by market analysts. Annual average inflation inched up to a nearly two -year high of 2.1% in October from 2.0% in September.
Producer price inflation, meanwhile, slowed to 3.3% in October from 3.6% in September, just in line with market analysts’ expectations. Easing producer price inflation signals that domestic demand is weakening.
FocusEconomics Consensus Forecast participants expect that consumer inflation will average 2.3% in 2019, which is unchanged from last month’s estimate. In 2020, the panel also sees consumer inflation at 2.3%. Meanwhile, the panel expects producer inflation to be 2.3% in 2019, which is unchanged from last month’s projection. In 2020, panelists see producer inflation at 1.8%.
China - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||2.5||1.5||1.6||2.1||1.8|
5 years of economic forecasts for more than 30 economic indicators.
China Inflation (eop) Chart
Source: National Bureau of Statistics of China and FocusEconomics calculations.
|Bond Yield||3.50||-0.40 %||Nov 09|
|Exchange Rate||6.96||-0.19 %||Nov 09|
|Stock Market||2,599||-0.34 %||Nov 09|
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November 9, 2018
Consumer prices rose 0.2% from the previous month in October, down from September’s 0.7% increase.
November 8, 2018
Export growth accelerated from 14.5% in September to 15.6% in October.
October 31, 2018
The manufacturing purchasing managers’ index (PMI) published by the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) inched down to an over two-year low of 50.2% in October from 50.8% in September.
October 20, 2018
House prices in 70 large- and medium-sized cities rose 0.9% in September in month-on-month terms according to a weighted average index calculated by Thomson Reuters from data issued by the National Bureau of Statistics (NBS).
October 19, 2018
Industrial production expanded 5.8% annually in September, down from 6.1% in August and missing market expectations of 6.0%. September’s print mainly reflected a slowdown in manufacturing output, while the electricity generation and mining sectors recorded steeper growth than in August. On a month-on-month basis, industrial production increased 0.50% in seasonally-adjusted terms in September, down from August’s 0.53% expansion.