China's producer prices shrank by 1.8% yoy in August 2024, steeper than a 0.8% drop in the previous month and steeper than market forecasts of a 1.4% fall. It marked the 23rd straight month of producer deflation and the highest figure since April, due to persistently weak domestic demand and the downward trend of some global commodity prices. A decrease in the cost of means of production gained traction (-2.0% vs -0.7% in July), mainly attributed to processing (-2.7% vs -2.1%) and raw materials (-0.8% vs 1.8%) as mining prices moderated sharply (0.9% vs 3.5%). Simultaneously, prices of consumer goods declined further (-1.1% vs -1.0%), largely dragged by food (-1.3% vs -0.7%), durable goods (-1.9% vs -2.0%), and clothing ( -0.4% vs -0.5%) while daily use goods prices were flat (vs -0.3%). Monthly, producer prices were down by 0.7%, the fastest pace in 14 months, following a 0.2% fall in the prior two months. Considering the first eight months of the year, producer prices retreated 1.9%. source: National Bureau of Statistics of China

Producer Prices in China decreased 1.80 percent in August of 2024 over the same month in the previous year. Producer Prices Change in China averaged 2.75 percent from 1993 until 2024, 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 September of 2024.

Producer Prices in China decreased 1.80 percent in August of 2024 over the same month in the previous year. Producer Prices Change in China is expected to be -0.40 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 1.80 percent in 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-08-09 01:30 AM
PPI YoY
Jul -0.8% -0.8% -0.9% -1%
2024-09-09 01:30 AM
PPI YoY
Aug -1.8% -0.8% -1.4% -1.3%
2024-10-13 01:30 AM
PPI YoY
Sep -1.8% -0.4%


Related Last Previous Unit Reference
Consumer Price Index CPI 103.60 103.20 points Aug 2024
Core Consumer Prices 100.80 100.40 points Aug 2024
Core Inflation Rate 0.30 0.40 percent Aug 2024
Core Inflation Rate MoM 0.30 -0.10 percent Jul 2024
Food Inflation 2.80 0.00 percent Aug 2024
GDP Deflator 736.70 723.77 points Dec 2022
Inflation Rate YoY 0.60 0.50 percent Aug 2024
Inflation Rate MoM 0.40 0.50 percent Aug 2024
Producer Price Inflation MoM -0.70 -0.20 percent Aug 2024
Producer Prices 106.30 107.10 points Aug 2024
PPI YoY -1.80 -0.80 percent Aug 2024
Rent Inflation -0.30 -0.20 percent Jul 2024

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
-1.80 -0.80 26.00 -8.20 1993 - 2024 percent Monthly
NSA


News Stream
China Producer Prices Fall the Most in 4 Months
China's producer prices shrank by 1.8% yoy in August 2024, steeper than a 0.8% drop in the previous month and steeper than market forecasts of a 1.4% fall. It marked the 23rd straight month of producer deflation and the highest figure since April, due to persistently weak domestic demand and the downward trend of some global commodity prices. A decrease in the cost of means of production gained traction (-2.0% vs -0.7% in July), mainly attributed to processing (-2.7% vs -2.1%) and raw materials (-0.8% vs 1.8%) as mining prices moderated sharply (0.9% vs 3.5%). Simultaneously, prices of consumer goods declined further (-1.1% vs -1.0%), largely dragged by food (-1.3% vs -0.7%), durable goods (-1.9% vs -2.0%), and clothing ( -0.4% vs -0.5%) while daily use goods prices were flat (vs -0.3%). Monthly, producer prices were down by 0.7%, the fastest pace in 14 months, following a 0.2% fall in the prior two months. Considering the first eight months of the year, producer prices retreated 1.9%.
2024-09-09
China Producer Prices Fall Slightly Less than Expected
China's producer prices dropped by 0.8% yoy in July 2024, the same pace as in the prior month but below market forecasts of a 0.9% fall. While indicating the 22nd consecutive month of producer deflation, the latest result remained the lowest figure in nearly 1-1/2 years, helped by multiple support measures from the government to alter stubbornly weak consumption. Costs of means of production continued to shrink (-0.7% vs -0.8% in June), mainly weighed by processing (-2.1% vs -2.0%) as prices rose further for both mining (3.5% vs 2.7%) and raw materials (1.8% vs 1.6%). Simultaneously, prices of consumer goods stayed weak (-1.0% vs -0.8%), dragged by food (-0.7% vs -0.2%), daily use goods (-0.3% vs -0.1%), durable goods (-2.0% vs -2.1%), and clothing prices (-0.5% vs flat reading). Monthly, producer prices were down 0.2%, the same pace as in June. Considering the first seven months of 2024, factory-gate prices shrank 2.0%.
2024-08-09
China Producer Deflation Extends for 21 Months
China's producer prices fell by 0.8% yoy in June 2024, matching market forecasts and easing from May's figure of a 1.4% decline. While marking the softest fall in factory-gate prices since January 2023, the latest result was the 21st straight month of producer deflation, reflecting fluctuations in global commodity prices and insufficient domestic demand for some industrial goods. Costs of means of production shrank much softer (-0.8% vs -1.6% in May), mainly due to processing (-2.0% vs -2.6%) as prices rose for both mining (2.7% vs -1.2%) and raw materials (1.6% vs 0.5%). Simultaneously, prices of consumer goods continued to fall (-0.8% vs -0.8%), largely dragged by food (-0.2% vs -0.7%), daily use goods (-0.1% vs flat reading), and durable goods (-2.1% vs -1.8%) while clothing prices were flat (vs 0.4% in May). Monthly, producer prices shrank 0.2%, shifting from the first rise in eight months of a 0.2% gain in May. Considering the first half of 2024, producer prices dropped 2.1%.
2024-07-10