Food prices in China increased by 14.8 percent from a year earlier in April 2020, easing from an 18.3 percent advance in March. This was the lowest food inflation since September last year, with pork prices rising for the 14th month in a row and at a softer rate (96.9 percent vs 116.4 percent in March). Pork prices have been rising during the last year amid a prolonged African swine fever epidemic. Cost also fell for fresh vegetables (-3.7% vs -0.1%), fresh fruit (-10.5% vs -6.1%), and eggs (-2.7% vs 1.9%). At the same time, cost of cooking oil rose by 5.6%, after a 5.7% gain in March. Meanwhile, milk prices increased faster (0.9% vs 0.6%).
Food Inflation in China averaged 6.01 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 May of 2020. source: National Bureau of Statistics of China
Food Inflation in China is expected to be 10.00 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 4.90 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 2.10 percent in 2021, according to our econometric models.