Inflation China 1998
Average inflation: -0.8%
Current Inflation
There is deflation with consumer prices declining by 0.8%.
Peak and Trough
The highest inflation was in March at 0.7%. The lowest inflation was in September at -1.5%.
- Highest month
- March: 0.7%
- Lowest month
- September: -1.5%
- Difference
- 2.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of -3.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of -3.2%.
- Highest increase
- Food and non-alcoholic beverages: -3.2%
- Lowest increase
- Food and non-alcoholic beverages: -3.2%
Historical Context
Current inflation is 11.1% lower than the 5-year average of 10.3%.
- 5-year average
- 10.3%
- 10-year average
- 9.8%
- All-time high (1994)
- 24.2%
- All-time low (1998)
- -0.8%
Trend
Inflation shows a downward trend. Compared to 1997, inflation has fallen by +3.6 percentage point.
- Change vs. previous year
- -3.6 percentage points
- Largest monthly swing
- February: -6.6 percentage points
ECB Target
Inflation is 2.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.20 next year at this inflation rate.
Multi-year trend
Monthly figures 1998
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1997 |
|---|---|---|
| January | 0.3% | -5.6 |
| February | -1.0% | -6.6 |
| March | 0.7% | -3.3 |
| April | -0.3% | -3.5 |
| May | -1.0% | -3.8 |
| June | -1.3% | -4.1 |
| July | -1.4% | -4.1 |
| August | -1.4% | -3.3 |
| September | -1.5% | -3.3 |
| October | -1.1% | -2.6 |
| November | -1.2% | -2.3 |
| December | -1.0% | -1.4 |
| Average | -0.8% |
Data source
Data from OECD. Last updated: 19/12/2025.