China's producer prices fell 4.4% yoy in July 2023, worse than market forecasts of a 4.1% decline, after a 5.4% drop in the prior month, which was the steepest decrease since December 2015. It was the tenth consecutive month of producer deflation but the smallest deflation in three months amid weakening demand and moderating commodity prices. A decline in production materials softened (-5.5% vs -6.8% in June) due to a slower drop in processing prices (-3.8% vs -4.7%), raw materials (-7.6% vs -9.5%), and extractions (-14.7% vs -16.2%). At the same time, prices fell further for consumer goods (-0.4% vs -0.5%), food (-0.9% vs -0.6%), and durable goods (-1.5% vs -1.5%) amid faster rises in daily use goods (0.8% vs 0.3%) and clothing (1.5% vs 1.0%). On a monthly basis, producer prices were down 0.2%, the fourth straight month of decline, following a 0.8% drop in June. source: National Bureau of Statistics of China

Producer Prices Change in China averaged 2.93 percent from 1993 until 2023, reaching an all time high of 26.00 percent in May of 1993 and a record low of -8.20 percent in July of 2009. This page provides the latest reported value for - China Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. China Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2023.

Producer Prices Change in China is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Producer Prices Change is projected to trend around 1.60 percent in 2024 and 1.80 percent in 2025, according to our econometric models.

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China Producer Prices Change



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-10 01:30 AM Jun -5.4% -4.6% -5% -4.9%
2023-08-09 01:30 AM Jul -4.4% -5.4% -4.1% -5.0%
2023-09-09 01:30 AM Aug -4.4% -3.0%


Related Last Previous Unit Reference
Inflation Rate -0.30 0.00 percent Jul 2023
Inflation Rate MoM 0.20 -0.20 percent Jul 2023
Consumer Price Index CPI 102.90 102.70 points Jul 2023
Core Consumer Prices 100.80 100.40 points Jul 2023
Core Inflation Rate 0.80 0.40 percent Jul 2023
GDP Deflator 726.04 692.26 points Dec 2021
Producer Prices 107.90 108.20 points Jul 2023
Producer Prices Change -4.40 -5.40 percent Jul 2023
Food Inflation -1.70 2.30 percent Jul 2023

China Producer Prices Change
In China, producer prices change measures the average annual change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.
Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -5.40 26.00 -8.20 1993 - 2023 percent Monthly
NSA

News Stream
China Producer Prices Drop More than Expected
China's producer prices fell 4.4% yoy in July 2023, worse than market forecasts of a 4.1% decline, after a 5.4% drop in the prior month, which was the steepest decrease since December 2015. It was the tenth consecutive month of producer deflation but the smallest deflation in three months amid weakening demand and moderating commodity prices. A decline in production materials softened (-5.5% vs -6.8% in June) due to a slower drop in processing prices (-3.8% vs -4.7%), raw materials (-7.6% vs -9.5%), and extractions (-14.7% vs -16.2%). At the same time, prices fell further for consumer goods (-0.4% vs -0.5%), food (-0.9% vs -0.6%), and durable goods (-1.5% vs -1.5%) amid faster rises in daily use goods (0.8% vs 0.3%) and clothing (1.5% vs 1.0%). On a monthly basis, producer prices were down 0.2%, the fourth straight month of decline, following a 0.8% drop in June.
2023-08-09
China Producer Prices Fall the Most Since 2015
China's producer prices dropped 5.4% yoy in June 2023, steeper than a 4.6% fall in the prior month and worse than market forecasts of a 5.0% decline. It was the ninth consecutive month of producer deflation and the fastest fall since December 2015 amid weakening demand and moderating commodity prices. A decrease in production materials quickened (-6.8% vs -5.9%) due to a faster decline in processing prices (-4.7% vs -4.6%), raw materials (-9.5% vs -7.7%), and extractions (-16.2% vs -11.5%). At the same time, consumer goods prices fell further (-0.5% vs -0.1%) amid decreases in prices of food (-0.6% vs 0.2%), while daily use goods (0.3% vs 0.3%) and clothing (1.0% vs 1.4%) continued to rise. Also, prices of durable goods dropped by 1.5% following a 1.1% fall in May. On a monthly basis, producer prices decreased by 0.8%, the third straight month of decline, after a 0.9% fall in May.
2023-07-10
China Producer Prices Drop the Most Since 2016
China's producer prices fell 4.6% yoy in May 2023, faster than a 3.6% drop in April and worse than market forecasts of a 4.3% drop. It was the eighth straight month of producer deflation and the steepest fall since February 2016 amid weakening demand and moderating commodity prices. A decline in production materials quickened (-5.9% vs -4.7%) due to a faster fall in processing prices (-4.6% vs -3.6%), raw materials (-7.7% vs -6.3%), and extractions (-11.5% vs -8.5%). Also, consumer goods prices edged down (-0.1% vs 0.4%) amid softer rises in prices of food (0.2% vs 1.0%), daily use goods (0.3% vs 0.4%), and clothing (1.4% vs 2.0%). At the same time, the cost of durable goods shrank by 1.1%, following a 0.6% fall in April. On a monthly basis, producer prices decreased by 0.9%, the second straight month of decline, after a 0.5 drop in the previous month.
2023-06-09