Monthly inflation · China

China Inflation Rate MoM

The China Inflation Rate MoM is the change in consumer prices in China from the previous month (or quarter).

Importance
Medium
Publié
Monthly
Prochaine publication
Devise
CNH · Chinese yuan (renminbi)
Banque centrale
The People's Bank of China
Influence
GAUCNH · USDCNH · XAUCNH

Derniers chiffres

La dernière publication, pour SEP, est parue le 2026-10-14 et s’est établie à 0.2%. C’est en dessous du consensus de 0.3%. C’est moins que 0.4% la fois précédente.

A lower figure than expected gives the People's Bank of China room to cut or hold rates lower: the Chinese yuan (renminbi) tends to soften and bond yields to fall.

Sur les 12 dernières publications, la valeur est allée de -0.7% à 1.0%, avec une moyenne de 0.1%.

Nov 2025: 0.2%Dec 2025: -0.1%Jan 2026: 0.2%Feb 2026: 0.2%Mar 2026: 1%Apr 2026: -0.7%May 2026: 0.3%Jun 2026: -0.1%Jul 2026: -0.3%Aug 2026: -0.1%Sep 2026: 0.4%Oct 2026: 0.2% Nov 2025Oct 2026
Résultats réels ; le petit trait sur une barre indique le consensus.
PubliéPourRéelConsensusPrécédent
14 Oct 2026SEP0.2%0.3%0.4%
9 Sep 2026AUG0.4%0.3%-0.1%
9 Aug 2026JUL-0.1%0.2%-0.3%
9 Jul 2026JUN-0.3%-0.2%-0.1%
10 Jun 2026MAY-0.1%-0.2%0.3%
11 May 2026APR0.3%-0.1%-0.7%
10 Apr 2026MAR-0.7%-0.2%1%
9 Mar 2026FEB1%–0.2%
11 Feb 2026JAN0.2%0.3%0.2%
9 Jan 2026DEC0.2%–-0.1%
10 Dec 2025NOV-0.1%0.2%0.2%
9 Nov 2025OCT0.2%–0.1%

Voir dans le calendrier économique →

Pourquoi c’est important

The monthly change is the freshest reading of price pressure: the yearly rate is the sum of the last twelve monthly changes, so today's monthly figure tells you where the yearly rate is heading.

Mode de calcul

the National Bureau of Statistics (NBS) prices a fixed basket of goods and services across the country and compares the index with the previous period. Seasonal patterns (sales, holidays) make raw monthly figures jumpy; some countries also publish seasonally adjusted numbers.

Monthly inflation = index(this month) ÷ index(last month) − 1
Annualised ≈ (1 + monthly)¹² − 1

Ce que signifient les variations

  • Compare with the same month in earlier years: January and September often have seasonal jumps.
  • 0.2% a month is about the 2% a year most central banks aim for.

Supérieur aux attentes : A higher figure than expected makes the People's Bank of China more likely to keep rates high or raise them: it tends to support the Chinese yuan (renminbi) and push bond yields up, and is often a weight on stocks.

Inférieur aux attentes : A lower figure than expected gives the People's Bank of China room to cut or hold rates lower: the Chinese yuan (renminbi) tends to soften and bond yields to fall.

Un bref historique

Monthly price indexes date from the early 20th century; many countries began publishing them during or after the First World War to adjust wages to the cost of living.

Questions

What is the China Inflation Rate MoM?

The China Inflation Rate MoM is the change in consumer prices in China from the previous month (or quarter).

What was the latest China Inflation Rate MoM?

0.2% for SEP, published on 14 October 2026 (consensus 0.3%, previous 0.4%).

When is the next China Inflation Rate MoM?

On Monday 9 November 2026 at 01:30 UTC.

Contenu éducatif uniquement, pas un conseil en investissement. Les chiffres sont les résultats publiés tels qu’enregistrés par notre calendrier ; les réactions de marché décrites sont typiques, non garanties.