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Inflation Rate Trends and Forecast for China from 1990 to 2029

Inflation Rate Trends and Forecast for China from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for China from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: China
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
China saw a sharp inflation rise in the early 1990s, peaking at 24.3% in 1994, driven by rapid economic growth and structural reforms. Tightened monetary policies and fiscal adjustments brought inflation down to -0.8% in 1998 during the Asian financial crisis, signaling deflationary pressures.

Recent years have seen low inflation, with a slight spike to 2.0% in 2022 amid global economic uncertainty. Projections indicate stable inflation of 2.0% from 2025 onwards, reflecting China’s focus on maintaining balanced economic growth and price stability.

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