Monthly core consumer inflation in China 2021-2024
In May 2024, the core consumer price inflation rate in China, which does not include food and fuel prices, increased by 0.6 percent compared to the same month of the previous year. On an annual average basis, core inflation reached 0.7 percent in 2023. This was slightly higher than overall consumer price inflation, which ranged at only 0.2 percent in 2023 and was mainly pushed down by lower fuel prices.