Inflation China 2024
Average inflation: 0.2%
Current Inflation
Inflation is very low at 0.2%, well below the ECB target.
Peak and Trough
The highest inflation was in February at 0.7%. The lowest inflation was in January at -0.8%.
- Highest month
- February: 0.7%
- Lowest month
- January: -0.8%
- Difference
- 1.5 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 -0.6%. The lowest price increase was in Food and non-alcoholic beverages with an average of -0.6%.
- Highest increase
- Food and non-alcoholic beverages: -0.6%
- Lowest increase
- Food and non-alcoholic beverages: -0.6%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 1.6%
- All-time high (2008)
- 5.9%
- All-time low (2009)
- -0.7%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.0 percentage point.
- Change vs. previous year
- +0.0 percentage points
- Largest monthly swing
- January: -2.9 percentage points
ECB Target
Inflation is 1.8% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | -0.8% | -2.9 |
| February | 0.7% | -0.3 |
| March | 0.1% | -0.6 |
| April | 0.3% | +0.2 |
| May | 0.3% | +0.1 |
| June | 0.2% | +0.2 |
| July | 0.5% | +0.8 |
| August | 0.6% | +0.5 |
| September | 0.4% | +0.4 |
| October | 0.3% | +0.5 |
| November | 0.2% | +0.7 |
| December | 0.1% | +0.4 |
| Average | 0.2% |
Data source
Data from OECD. Last updated: 19/12/2025.