China Inflation Rate YoY

Info

History

Chart

Impact:

High

Source: National Bureau of Statistics of China

Latest Release:

Date:

Actual:

-0.1%

Forecast: -0.1%

Previous/Revision:

-0.1%

Period: Apr

Next Release:

Date:

Forecast: -0.2%

Period: May

What Does It Measure?

The China Inflation Rate YoY measures the annual percentage change in the price level of a basket of consumer goods and services purchased by households. It primarily focuses on price stability, evaluating key areas such as the cost of essentials, housing, transportation, and food, and serves as a critical indicator for assessing overall economic health and purchasing power.

Frequency

This economic report is released monthly and typically provides preliminary estimates, with final figures published shortly thereafter to include revisions based on complete data collection.

Why Do Traders Care?

Traders closely monitor the China Inflation Rate YoY as it influences monetary policy decisions by the People's Bank of China and can have significant effects on the value of the Chinese yuan (CNY) as well as international stock and commodity markets. A higher-than-expected inflation rate typically leads to expectations of interest rate hikes, which may strengthen the currency and influence global asset prices.

What Is It Derived From?

The inflation rate is derived from the Consumer Price Index (CPI), which is calculated based on a survey of prices for a set of representative consumer goods and services. The methodology involves weighting various components to reflect their importance in consumer spending, employing statistical techniques to ensure accurate representation of price changes over time.

Description

The China Inflation Rate YoY report provides a comparison of price levels with the same month from the previous year, eliminating seasonal variations and thus accurately reflecting long-term trends in inflation. This measure is crucial for understanding the inflationary pressures faced by consumers and businesses, informing policymakers as they seek to maintain economic stability.

Additional Notes

The China Inflation Rate is regarded as a leading economic indicator, correlated closely with consumer spending and economic growth. Its trends are monitored in the context of other economic indicators, such as GDP growth and employment rates, offering a comprehensive view of the health of the economy.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 10, 2025	-0.1%	-0.1%	-0.1%
Apr 10, 2025	-0.1%	0.1%	-0.7%	-0.2%
Mar 09, 2025	-0.7%	-0.5%	0.5%	-0.2%
Feb 09, 2025	0.5%	0.4%	0.1%	0.1%
Jan 09, 2025	0.1%	0.1%	0.2%
Dec 09, 2024	0.2%	0.5%	0.3%	-0.3%
Nov 09, 2024	0.3%	0.4%	0.4%	-0.1%
Oct 13, 2024	0.4%	0.6%	0.6%	-0.2%
Sep 09, 2024	0.6%	0.7%	0.5%	-0.1%
Aug 09, 2024	0.5%	0.3%	0.2%	0.2%
Jul 10, 2024	0.2%	0.4%	0.3%	-0.2%
Jun 12, 2024	0.3%	0.4%	0.3%	-0.1%
May 11, 2024	0.3%	0.1%	0.1%	0.2%
Apr 11, 2024	0.1%	0.4%	0.7%	-0.3%
Mar 09, 2024	0.7%	0.3%	-0.8%	0.4%
Feb 08, 2024	-0.8%	-0.5%	-0.3%	-0.3%
Jan 12, 2024	-0.3%	-0.4%	-0.5%	0.1%
Dec 09, 2023	-0.5%	-0.1%	-0.2%	-0.4%
Nov 09, 2023	-0.2%	-0.1%	0%	-0.1%
Oct 13, 2023	0%	0.2%	0.1%	-0.2%
Sep 09, 2023	0.1%	0.2%	-0.3%	-0.1%
Aug 09, 2023	-0.3%	-0.4%	0%	0.1%
Jul 10, 2023	0%	0.2%	0.2%	-0.2%
Jun 09, 2023	0.2%	0.3%	0.1%	-0.1%
May 11, 2023	0.1%	0.4%	0.7%	-0.3%
Apr 11, 2023	0.7%	1%	1%	-0.3%
Mar 09, 2023	1%	1.9%	2.1%	-0.9%
Feb 10, 2023	2.1%	2.2%	1.8%	-0.1%
Jan 12, 2023	1.8%	1.8%	1.6%
Dec 09, 2022	1.6%	1.6%	2.1%
Nov 09, 2022	2.1%	2.4%	2.8%	-0.3%
Oct 14, 2022	2.8%	2.8%	2.5%
Sep 09, 2022	2.5%	2.8%	2.7%	-0.3%
Aug 10, 2022	2.7%	2.9%	2.5%	-0.2%
Jul 09, 2022	2.5%	2.4%	2.1%	0.1%
Jun 10, 2022	2.1%	2.2%	2.1%	-0.1%
May 11, 2022	2.1%	1.8%	1.5%	0.3%
Apr 11, 2022	1.5%	1.2%	0.9%	0.3%
Mar 09, 2022	0.9%	0.9%	0.9%
Feb 16, 2022	0.9%	1%	1.5%	-0.1%
Jan 12, 2022	1.5%	1.8%	2.3%	-0.3%
Dec 09, 2021	2.3%	2.5%	1.5%	-0.2%
Nov 10, 2021	1.5%	1.4%	0.7%	0.1%
Oct 14, 2021	0.7%	0.9%	0.8%	-0.2%
Sep 09, 2021	0.8%	1%	1%	-0.2%
Aug 09, 2021	1%	0.8%	1.1%	0.2%
Jul 09, 2021	1.1%	1.3%	1.3%	-0.2%
Jun 09, 2021	1.3%	1.6%	0.9%	-0.3%
May 11, 2021	0.9%	1%	0.4%	-0.1%
Apr 09, 2021	0.4%	0.3%	-0.2%	0.1%
Mar 10, 2021	-0.2%	-0.4%	-0.3%	0.2%
Feb 10, 2021	-0.3%	0%	0.2%	-0.3%
Jan 11, 2021	0.2%	0.1%	-0.5%	0.1%
Dec 09, 2020	-0.5%	0%	0.5%	-0.5%
Nov 10, 2020	0.5%	0.8%	1.7%	-0.3%
Oct 15, 2020	1.7%	1.8%	2.4%	-0.1%
Sep 09, 2020	2.4%	2.4%	2.7%
Aug 10, 2020	2.7%	2.6%	2.5%	0.1%
Jul 09, 2020	2.5%	2.5%	2.4%
Jun 10, 2020	2.4%	2.7%	3.3%	-0.3%
May 12, 2020	3.3%	3.7%	4.3%	-0.4%
Apr 10, 2020	4.3%	4.8%	5.2%	-0.5%
Mar 10, 2020	5.2%	5.2%	5.4%
Feb 10, 2020	5.4%	4.9%	4.5%	0.5%
Jan 09, 2020	4.5%	4.7%	4.5%	-0.2%
Dec 10, 2019	4.5%	4.2%	3.8%	0.3%
Nov 09, 2019	3.8%	3.3%	3%	0.5%
Oct 15, 2019	3%	2.9%	2.8%	0.1%
Sep 10, 2019	2.8%	2.6%	2.8%	0.2%
Aug 09, 2019	2.8%	2.7%	2.7%	0.1%
Jul 10, 2019	2.7%	2.7%	2.7%
Jun 12, 2019	2.7%	2.7%	2.5%
May 09, 2019	2.5%	2.5%	2.3%
Apr 11, 2019	2.3%	2.3%	1.5%
Mar 09, 2019	1.5%	1.5%	1.7%
Feb 15, 2019	1.7%	1.9%	1.9%	-0.2%
Jan 10, 2019	1.9%	2.1%	2.2%	-0.2%
Dec 09, 2018	2.2%	2.4%	2.5%	-0.2%
Nov 09, 2018	2.5%	2.5%	2.5%
Oct 16, 2018	2.5%	2.5%	2.3%
Sep 10, 2018	2.3%	2.2%	2.1%	0.1%
Aug 09, 2018	2.1%	1.9%	1.9%	0.2%
Jul 10, 2018	1.9%	1.9%	1.8%
Jun 09, 2018	1.8%	1.8%	1.8%
May 10, 2018	1.8%	1.9%	2.1%	-0.1%
Apr 11, 2018	2.1%	2.6%	2.9%	-0.5%
Mar 09, 2018	2.9%	2.5%	1.5%	0.4%
Feb 09, 2018	1.5%	1.5%	1.8%
Jan 10, 2018	1.8%	2.2%	1.7%	-0.4%
Dec 09, 2017	1.7%	1.8%	1.9%	-0.1%
Nov 09, 2017	1.9%	1.8%	1.6%	0.1%
Oct 16, 2017	1.6%	1.6%	1.8%
Sep 09, 2017	1.8%	1.6%	1.4%	0.2%
Aug 09, 2017	1.4%	1.5%	1.5%	-0.1%
Jul 10, 2017	1.5%	1.5%	1.5%
Jun 09, 2017	1.5%	1.5%	1.2%
May 10, 2017	1.2%	1.1%	0.9%	0.1%
Apr 12, 2017	0.9%	1%	0.8%	-0.1%
Mar 09, 2017	0.8%	1.7%	2.5%	-0.9%
Feb 14, 2017	2.5%	2.4%	2.1%	0.1%
Jan 10, 2017	2.1%	2.3%	2.3%	-0.2%
Dec 09, 2016	2.3%	2.2%	2.1%	0.1%
Nov 09, 2016	2.1%	2.1%	1.9%
Oct 14, 2016	1.9%	1.6%	1.3%	0.3%
Sep 09, 2016	1.3%	1.7%	1.8%	-0.4%
Aug 09, 2016	1.8%	1.8%	1.9%
Jul 10, 2016	1.9%	1.8%	2%	0.1%
Jun 09, 2016	2%	2.3%	2.3%	-0.3%
May 10, 2016	2.3%	2.4%	2.3%	-0.1%
Apr 11, 2016	2.3%	2.5%	2.3%	-0.2%
Mar 10, 2016	2.3%	1.9%	1.8%	0.4%
Feb 18, 2016	1.8%	1.9%	1.6%	-0.1%
Jan 09, 2016	1.6%	1.6%	1.5%
Dec 09, 2015	1.5%	1.4%	1.3%	0.1%
Nov 10, 2015	1.3%	1.5%	1.6%	-0.2%
Oct 14, 2015	1.6%	1.8%	2%	-0.2%
Sep 10, 2015	2%	1.8%	1.6%	0.2%
Aug 09, 2015	1.6%	1.5%	1.4%	0.1%
Jul 09, 2015	1.4%	1.3%	1.2%	0.1%
Jun 09, 2015	1.2%	1.3%	1.5%	-0.1%
May 09, 2015	1.5%	1.6%	1.4%	-0.1%