Inflation China 2004
Average inflation: 3.9%
Current Inflation
Inflation is high at 3.9%, well above the ECB target.
Peak and Trough
The highest inflation was in July at 5.3%. The lowest inflation was in February at 2.1%.
- Highest month
- July: 5.3%
- Lowest month
- February: 2.1%
- Difference
- 3.2 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 10.0%. The lowest price increase was in Food and non-alcoholic beverages with an average of 10.0%.
- Highest increase
- Food and non-alcoholic beverages: 10.0%
- Lowest increase
- Food and non-alcoholic beverages: 10.0%
Historical Context
Current inflation is 2.8% higher than the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 3.1%
- All-time high (1994)
- 24.2%
- All-time low (1999)
- -1.4%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +2.7 percentage point.
- Change vs. previous year
- +2.7 percentage points
- Largest monthly swing
- July: +4.8 percentage points
ECB Target
Inflation is 1.9% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.90 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 3.2% | +2.8 |
| February | 2.1% | +1.9 |
| March | 3.0% | +2.1 |
| April | 3.8% | +2.8 |
| May | 4.4% | +3.7 |
| June | 5.0% | +4.7 |
| July | 5.3% | +4.8 |
| August | 5.3% | +4.4 |
| September | 5.2% | +4.1 |
| October | 4.3% | +2.5 |
| November | 2.8% | -0.2 |
| December | 2.4% | -0.8 |
| Average | 3.9% |
Data source
Data from OECD. Last updated: 19/12/2025.