In 2024, consumer inflation in China was comparatively low for a broad range of products and services. Falling prices for transportation and communication further pushed down overall inflation. The average annual consumer price inflation rate in China ranged at about 0.2 percent in 2024.
Sectoral price developments in China
China is a country with a comparatively low and stable inflation rate. This is obvious in comparison to other BRICS countries and is related to China’s low domestic producer prices and the country’s position as a global manufacturing base. However, due to its close connections to the world market, sectoral price changes in China are very much connected to global developments. During 2024, consumer prices were mainly driven by price increases for healthcare and medical services, recreation and education, as well as miscellaneous items and services. At the same time, transportation and communication prices dropped considerably.
Regional inflation rates
Over the last decade, the economic development in China has spread from the more advanced coastal regions to the countryside. As a result, prices in rural areas often increased relatively faster than in the cities, although from a significantly lower level. This trend was disrupted during the COVID-19 pandemic, with regional inflation rates often rising faster in more developed regions.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
National Bureau of Statistics of China. (January 9, 2025). Annual inflation rate in China in 2024, by sector [Graph]. In Statista. Retrieved February 12, 2025, from https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed
National Bureau of Statistics of China. "Annual inflation rate in China in 2024, by sector." Chart. January 9, 2025. Statista. Accessed February 12, 2025. https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed
National Bureau of Statistics of China. (2025). Annual inflation rate in China in 2024, by sector. Statista. Statista Inc.. Accessed: February 12, 2025. https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed
National Bureau of Statistics of China. "Annual Inflation Rate in China in 2024, by Sector." Statista, Statista Inc., 9 Jan 2025, https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed
National Bureau of Statistics of China, Annual inflation rate in China in 2024, by sector Statista, https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed (last visited February 12, 2025)
Annual inflation rate in China in 2024, by sector [Graph], National Bureau of Statistics of China, January 9, 2025. [Online]. Available: https://www.statista.com/statistics/1204351/china-annual-inflation-rate-by-sector/?__sso_cookie_checker=failed