China Inflation Rate 2024 Forecast By Month. Still, it was the highest print since february, marking the 7th straight. While inflation fell in 2023 largely on account of lower energy and food prices, it is expected to increase gradually to 1.3 percent in 2024 as the output gap narrows and the base.

In may, the national cpi decreased by 0.1 percent month on month. China inflation rate for 2020 was 2.42%, a 0.48%.