---
title: "Goldman Sachs has raised its forecasts for China's CPI and PPI this year to 0.8% and 0.3%, respectively"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278366976.md"
description: "Goldman Sachs raised its 2026 China CPI and PPI forecasts to 0.8% and 0.3%, respectively. The year-on-year CPI increase in February rose from 0.2% in January to 1.3%, influenced by rising food and travel service prices. The year-on-year PPI decline narrowed to 0.9%, mainly due to high prices of non-ferrous metals. It is expected that prices will rise strongly in the first and second quarters, and the year-on-year PPI increase may turn positive in early the second quarter"
datetime: "2026-03-09T09:41:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278366976.md)
  - [en](https://longbridge.com/en/news/278366976.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278366976.md)
---

# Goldman Sachs has raised its forecasts for China's CPI and PPI this year to 0.8% and 0.3%, respectively

Goldman Sachs research report indicates that China's overall Consumer Price Index (CPI) in February rose by 1.3% year-on-year, up from 0.2% in January, mainly driven by increases in food prices and tourism-related service prices, largely related to the Lunar New Year holiday being later than in previous years. The Producer Price Index (PPI) in February saw a year-on-year decline narrowing to 0.9% from 1.4% in January, primarily influenced by high prices of non-ferrous metals.

Taking into account the February data and the rise in energy prices due to disruptions in the Strait of Hormuz, the bank has raised its full-year CPI and PPI inflation forecasts for 2026 to 0.8% and 0.3% respectively (previously expected to rise by 0.6% and fall by 0.5%), reflecting stronger quarter-on-quarter price increases in the first and second quarters. According to the revised forecast path, the year-on-year increase in PPI may turn positive as early as the beginning of the second quarter this year

### Related Stocks

- [GS-D.US](https://longbridge.com/en/quote/GS-D.US.md)
- [GS-A.US](https://longbridge.com/en/quote/GS-A.US.md)
- [GS.US](https://longbridge.com/en/quote/GS.US.md)
- [GS-C.US](https://longbridge.com/en/quote/GS-C.US.md)

## Related News & Research

- [US lawmakers raise concern over Goldman's move to keep top lawyer as adviser despite Epstein ties](https://longbridge.com/en/news/289379986.md)
- [Top Birkenstock Executive Makes Bold Move With Major Stock Sale](https://longbridge.com/en/news/289260627.md)
- [Don’t Let This Week’s Inflation Data Scare You Out of Stocks](https://longbridge.com/en/news/289511047.md)
- [Core Producer Prices Cooler Than Expected In April, Headline Highest Since 2022](https://longbridge.com/en/news/289468383.md)
- [CPI FIM (BDL:ORCL) Valuation Check After Recent Share Price Weakness](https://longbridge.com/en/news/289086804.md)