China - Inflation, consumer prices (annual %) 1987 - 2022
China's inflation, consumer prices (annual %) is currently 1.97%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- China's inflation, consumer prices (annual %) for 2022 was 1.974%, a 101.18% increase from 2021.
- In 2021 it was 0.981%, a -59.45% increase from 2020, with a -2 difference.
- In 2020 it was 2.419%, a -16.55% increase from 2019.
- In 2019 it was 2.899%, a 39.74% increase from 2018.
- In 2018 it was 2.075%, a 30.23% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for China is currently 4.7732% (average of years with recorded data) with a lowest recorded value of -1.4015% in 1999 and a highest value of 24.257% in 1994.
China's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1987 | 7.234% | |
| 1988 | 18.812% | 160.05% |
| 1989 | 18.246% | -3.01% |
| 1990 | 3.052% | -83.27% |
| 1991 | 3.557% | 16.53% |
| 1992 | 6.354% | 78.65% |
| 1993 | 14.61% | 129.94% |
| 1994 | 24.257% | 66.03% |
| 1995 | 16.791% | -30.78% |
| 1996 | 8.313% | -50.49% |
| 1997 | 2.786% | -66.48% |
| 1998 | -0.773% | -127.75% |
| 1999 | -1.401% | -81.26% |
| 2000 | 0.348% | 124.82% |
| 2001 | 0.719% | 106.76% |
| 2002 | -0.732% | -201.79% |
| 2003 | 1.128% | 254.05% |
| 2004 | 3.825% | 239.18% |
| 2005 | 1.776% | -53.55% |
| 2006 | 1.649% | -7.15% |
| 2007 | 4.817% | 192.03% |
| 2008 | 5.925% | 23.01% |
| 2009 | -0.728% | -112.29% |
| 2010 | 3.175% | 536.07% |
| 2011 | 5.554% | 74.91% |
| 2012 | 2.62% | -52.83% |
| 2013 | 2.621% | 0.06% |
| 2014 | 1.922% | -26.68% |
| 2015 | 1.437% | -25.22% |
| 2016 | 2% | 39.18% |
| 2017 | 1.593% | -20.34% |
| 2018 | 2.075% | 30.23% |
| 2019 | 2.899% | 39.74% |
| 2020 | 2.419% | -16.55% |
| 2021 | 0.981% | -59.45% |
| 2022 | 1.974% | 101.18% |
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Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, China comes in 24th with 1.974% inflation, consumer prices (annual %).
- Within the same region, Cambodia comes in 14th with 5.344%, inflation, consumer prices (annual %).
- Korea, Rep. comes in 15th with 5.088%.
- Fiji comes in 16th with 4.52%.
- Papua New Guinea comes in 17th with 4.484%.
- Indonesia comes in 18th with 4.209%.
- Brunei Darussalam comes in 19th with 3.682%.
- Malaysia comes in 20th with 3.379%.
- Vietnam comes in 21st with 3.157%.
- Japan comes in 22nd with 2.498%.
- Vanuatu comes in 23rd with 2.343%.
- Hong Kong SAR, China comes in 25th with 1.881%.
- Macao SAR, China comes in 26th with 1.045%.
- Timor-Leste comes in 27th with 0.959%.
- New Caledonia comes in 28th with 0.578%.
- Tuvalu comes in 29th with 0.501%.
- Nauru comes in 30th with -0.125%.
- And Kiribati comes in 31st with -1.813%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Upper middle income Group.
Among countries in the same World Bank Upper middle income (UMI) group, China comes in 47th with 1.974% inflation, consumer prices (annual %).
- Within the same income group, Iraq comes in 37th with 4.995%, inflation, consumer prices (annual %).
- Equatorial Guinea comes in 38th with 4.787%.
- Fiji comes in 39th with 4.52%.
- Gabon comes in 40th with 4.231%.
- Indonesia comes in 41st with 4.209%.
- Ecuador comes in 42nd with 3.466%.
- Malaysia comes in 43rd with 3.379%.
- Belize comes in 44th with 3.236%.
- Libya comes in 45th with 2.606%.
- Maldives comes in 46th with 2.333%.
- West Bank and Gaza comes in 48th with 1.237%.
- Grenada comes in 49th with 1.22%.
- Tuvalu comes in 50th with 0.501%.
- And Dominica comes in 51st with -0.727%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Upper middle income Group.
Top 14 Countries in the Upper middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Venezuela, RB | 254.949% | 2016 |
| 2 | Turkiye | 72.309% | 2022 |
| 3 | Suriname | 52.446% | 2022 |
| 4 | Moldova | 28.737% | 2022 |
| 5 | Bulgaria | 15.325% | 2022 |
| 6 | Belarus | 15.210% | 2022 |
| 7 | North Macedonia | 14.205% | 2022 |
| 8 | Bosnia and Herzegovina | 14.021% | 2022 |
| 9 | Azerbaijan | 13.852% | 2022 |
| 10 | Montenegro | 13.040% | 2022 |
| 11 | Palau | 12.353% | 2022 |
| 12 | Serbia | 11.982% | 2022 |
| 13 | Georgia | 11.898% | 2022 |
| 14 | Botswana | 11.666% | 2022 |