Food prices in China increased by 2.2 percent from a year earlier in October 2020, following a 7.9 percent gain in the prior month. This was the lowest food inflation since February 2019, amid the impact of the COVID-19 pandemic. Pork prices fell for the first time in more than 1-1/2 years as shortage eased following African swine fever (-2.8 percent vs 25.5 percent in September). At the same time, prices of eggs declined faster (-16.3 percent vs -15.8 percent). Meanwhile, cost rise for fresh fruit (0.4 percent vs -6.9 percent), fresh vegetables (16.7 percent vs 17.2 percent), cooking oil (4.7 percent vs 5.5 percent), and dairy products (1.3 percent vs 1.1 percent). source: National Bureau of Statistics of China
Food Inflation in China averaged 6.11 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 November of 2020.
Food Inflation in China is expected to be 8.90 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 14.00 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 10.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.