China inflation rate for 2023 was 0.23%, a 1.74% decline from 2022.
China inflation rate for 2022 was 1.97%, a 0.99% increase from 2021.
China inflation rate for 2021 was 0.98%, a 1.44% decline from 2020.
China inflation rate for 2020 was 2.42%, a 0.48% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.