City skyline in China

China Inflation (PPI, ann. var. %, eop)

Inflation drops to lowest level since February 2022 in February

Consumer price inflation came in at 1.0% in February, which was down from January’s 2.1% and undershot market expectations. February’s figure represented the lowest inflation rate since February 2022. While the reading was likely partly distorted by the Lunar New Year, a weak property sector, lower international energy prices and soft wage pressures likely also played a role.

The trend was unchanged, with annual average inflation coming in at January’s 2.1% in February. Meanwhile, producer prices fell 1.4% on an annual basis in February, which was a steeper fall than January’s 0.8% decrease.

Lastly, consumer prices fell 0.50% in February over the previous month, contrasting the 0.80% rise seen in January. February’s result marked the weakest reading since March 2021.

China Inflation (PPI, ann. var. %, eop) Data

2017 2018 2019 2020 2021
Inflation (PPI, ann. var. %, eop) 4.9 0.9 -0.5 -0.4 10.3

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

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