Will China's Average CPI Inflation Rate Exceed 1% in 2027?

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ING Think"Analyst interpretation of original ING forecast table: China CPI headline (% YoY, avg) is forecast at 1.2% in 2027."Mar 03, 2026

ING Think

FocusEconomics"Analyst interpretation of original FocusEconomics consensus table: China 2027 inflation forecast was 1.11% in September 2026."Oct 16, 2026

FocusEconomics

KKR"We forecast China CPI inflation of 1.0% in 2026 and 0.8% in 2027—in line with consensus for 2026 and 30 basis points below consensus for 2027."Jun 01, 2026

KKR

ABN AMRO Bank"We raised our annual CPI forecasts for 2026 and 2027 to 1.2% and 1.4% (from 0.9% and 1.2%)."Mar 25, 2026

ABN AMRO

OECD"Inflation in China is expected to rise from its current very low level as higher energy prices feed through and spare production capacity is reduced, with headline inflation projected to rise from -0.1% in 2025 to 1.3% in 2026 and 1.1% in 2027."Mar 26, 2026

OECD

Continuum Economics"We forecast +0.1% for 2027 China CPI inflation."Apr 20, 2026

Continuum Economics

AMRO"China’s economy is projected to grow by 4.5 percent in both 2026 and 2027, while headline CPI inflation is projected at 0.8 percent in 2026 and 1.0 percent in 2027."Sep 22, 2026

ASEAN+3 Macroeconomic Research Office

Reuters"The same poll forecast China’s consumer inflation at 1.0% this year, below the government’s target of around 2%, before rising slightly to 1.1% in 2027."Oct 15, 2026

Reuters

World Bank"Inflation is expected to rise from a very low base, reaching 1.1 percent in 2026 and 1.5 percent in 2027."Jul 01, 2026

World Bank

Allianz Research"We expect inflation at 0.4% in 2026 and +0.9% in 2027."Jan 01, 2026

Allianz

Asian Development Bank"The 2027 forecast is revised down slightly to 0.9% owing to a higher base effect, the assumed gradual normalization of oil prices, and subdued domestic demand."Jul 01, 2026

Asian Development Bank