China Inflation Rate | 1986-2017 | Data | Chart | Calendar

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In October, the politically sensitive food prices declined by 0.4 percent (from -1.4 percent in the prior month) while non-food cost rose 2.4 percent (from 2.4 percent). Cost of consumer goods went up 1.1 percent (from 0.7 percent) and those of services increased by 3.2 percent (from 3.3 percent). 



Among food, prices dropped for: pork (-10.1 percent from -12.4 percent); tobacco (-0.1 percent from -0.1 percent) and fresh fruits (-0.7 percent from -3.0 percent). In contrast, prices rose for: fresh vegetables (0.3 percent from -1.0 percent); eggs (3.1 percent from 3.7 percent) and milk (0.3 percent from 0.4 percent). 



For non-food categories, prices increased at a faster pace for: transport and communication (0.8 percent from 0.5 percent); household goods and services (1.5 percent from 1.4 percent) and other goods and services (1.8 percent from 1.4 percent). Meantime, cost increased at a softer pace for healthcare (7.2 percent from 7.6 percent); while inflation was steady for: rent, fuel & utilities (2.8 percent) and education, culture & recreation (2.3 percent). 



On a monthly basis, consumer prices rose 0.1 percent, after gaining 0.5 percent in a month earlier while market estimated a 0.2 percent rise. It was the lowest monthly figure since July.


The producer price index increased by 6.9 percent from a year earlier in October 2017, the same as in the previous month but above market estimates of a 6.6 percent gain. The figure marked the 14th straight month of gain in producer prices and remained the highest since March. Cost went up less for means of production (9.0 percent from 9.1 percent, namely extraction: 14.7 percent, raw materials: 11.6 percent and processing: 7.5 percent). Meantime, prices rose slightly more than in a month earlier for consumer goods (0.8 percent (from 0.7 percent, namely food production: 0.6 percent, clothing: 0.9 percent and daily use goods: 1.9 percent). At the same time, prices of consumer durable goods were unchanged for the fourth month in a row. On a monthly basis, producer prices rose 0.7 percent, compared to a 1.0 percent gain in September.


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