$CNIRYY - Chinese CPI Holds Steady (May/2026)ECONOMICS:CNIRYY
May/2026
source: National Bureau of Statistics of China
- China’s annual inflation held steady at 1.2% in May 2026, unchanged from the previous month but slightly below market expectations of 1.3%.
Non-food inflation edged higher (1.9% vs 1.8% in April), lifted by an acce
Key data points
Last release
—
Observation period
Jun 2026
Next release
—
Forecast
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Highest
28.40 %on Feb 28, 1989
Lowest
−2.20 %on May 31, 1999
Profile
In China, the most important components of the CPI basket are Food (31.8 percent of total weight) and Residence (17.2 percent). Recreation, Education and Culture Articles account for 13.8 percent; Transportation and Communication for 10 percent, Healthcare and Personal Articles for 9.6 percent, Clothing for 8.5 percent; Households Facilities, Articles and Services for 5.6 percent; Tobacco, Liquor and Articles for the remaining 3.5 percent. The CPI basket is reviewed every five years on the basis of household surveys. Revisions reflect new spending patterns and economic development, according to the National Bureau of Statistics. Last revision took place in 2011.
Related indicators
$CNIRYY - China's CPI (April/2026)ECONOMICS:CNIRYY 1.2%
April/2026 +0.2%
source: National Bureau of Statistics of China
- China’s annual inflation accelerated to 1.2% in April 2026 from 1.0% in March, surpassing market expectations of 0.8%, driven by higher commodity prices amid the Middle East conflict.
Producer inflation a
$CNIRYY - China CPI (March/2026)ECONOMICS:CNIRYY
March/2026
source: National Bureau of Statistics of China
- China’s annual inflation eased to 1.0% in March 2026 from February’s over three-year high of 1.3%, falling short of market expectations of 1.2%.
Food prices rose at a much softer pace (0.3% vs 1.7% in February), am
$CNIRYY - China's CPI (January/2026)ECONOMICS:CNIRYY +0.2%
January/2026 -0.6%
- China’s annual inflation rate eased sharply to 0.2% in January 2026 from 0.8% in December, marking the lowest print since October and missing estimates of 0.4%.
Food prices fell for the first time in three months while non-food inflation slowed.
Me
$CNIRYY -China Inflation Nears 3-Year High (December/2025)ECONOMICS:CNIRYY 0.8%
December/2025 (+0.1%)
source: National Bureau of Statistics of China
- China’s annual inflation rate edged up to 0.8% in December 2025 from 0.7% in November, marking its highest print since February 2023 but still below consensus of 0.9%.
Food prices rose the most in 14 mo
$CNIRYY -21 Month High CPI (November/2025)ECONOMICS:CNIRYY 0.7%
November/2025 (+ 0.5%)
source: National Bureau of Statistics of China
- China’s annual inflation rate surged to 0.7% in November 2025 from 0.2% in October, aligning with consensus and marking the highest level since February 2024.
Food prices rose for the first time in ten
$CNIRYY -China CPI (October/2025)ECONOMICS:CNIRYY +0.2%
October/2025
source: National Bureau of Statistics of China
-China’s consumer prices rose 0.2% yoy in October 2025,
defying expectations for no change and rebounding from a 0.3% decline in the prior month.
It was the first increase in consumer inflation since June and th
$CNIRYY -China CPI (September/2025)ECONOMICS:CNIRYY
September/2025
source: National Bureau of Statistics of China
- China’s consumer prices dropped 0.3% yoy in September 2025,
steeper than market estimates of a 0.1% decline but slightly less than
a 0.4% fall in the previous month.
Food prices declined further (-4.4% vs -4.3% in
$CNIRYY - China CPI (August/2025)ECONOMICS:CNIRYY
August/2025
source: National Bureau of Statistics of China
- China’s consumer prices dropped 0.4% yoy in August 2025, after being flat in the previous month and missing market expectations of a 0.2% fall.
It was the fifth time of consumer deflation this year and the sharpest pace
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Frequently asked questions
The highest figure China inflation rate YoY has ever reached is 28.40%.
The lowest ever China inflation rate YoY is −2.20%.
Last month China inflation rate YoY was 1.00%, and the month before it reached 1.20%. To better understand the dynamics, compare these two values.









