Food prices in China increased by 1.6 percent year-on-year in January 2021, accelerating from a 1.2 percent rise in the prior month. This was the second straight month of rise in food prices and the highest reading in three months, amid adverse weather and rising demand ahead of the Lunar New Year festival. Cost increased for eggs (1.2 percent vs -10.8 percent in December), fresh fruit (1.3 percent vs 6.5 percent), fresh vegetables (10.9 percent vs 6.5 percent), cooking oil (6.0 percent vs 4.3 percent), and dairy products (1.7 percent vs 1.3 percent). In contrast, pork prices fell faster (-3.9 percent vs -1.3 percent) after soaring in 2019 due to the African Swine outbreak. source: National Bureau of Statistics of China
Food Inflation in China averaged 6.05 percent from 1993 until 2020, reaching an all time high of 40.20 percent in October of 1994 and a record low of -5.50 percent in April of 1999. This page provides - China Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Food Inflation - values, historical data and charts - was last updated on February of 2021.
Food Inflation in China is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in China to stand at 1.00 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.