The pressure fluctuation characteristics of a constant pressure fuel system has great influence on its fuel injection characteristics. It is, therefore important to understand the impacts of these fluctuations in order to better study and optimize the fuel injection characteristics. In this study, the pressure fluctuation characteristics of the high pressure common rail system have been investigated experimentally. The transient pressure at different positions in the high pressure common rail system have been measured. The phase of pressure fluctuation during the injection process has been analyzed and the corresponding fluctuating characteristic parameters have been characterized for each phase. The changes in pressure wave propagation velocity, fuel injection pressure drop amplitude, wave amplitude, period and decay time are obtained by studying the fluctuation characteristic parameters caused by fuel pressure and temperature change. The relationship between fuel pressure drop and fuel density, pressure wave propagation velocity and fuel flow rate have been explained through theoretical analysis. This study provides a theoretical basis for the design of constant pressure fuel systems.