Food prices in China increased by 4.8 percent year-on-year in December 2022, accelerating from a 3.7 percent rise a month earlier which was the softest pace since June. The latest reading marked the ninth straight month of food inflation, despite sluggish domestic demand as a result of a surge in COVID cases across the mainland. Cost continued to rise for fresh fruit (11.0% vs 9.6% in November), milk (1.2% vs 0.9%), eggs (9.6% vs 9.9%), and cooking oils (7.2% vs 7.6%). At the same time, a decline in prices of fresh vegetables moderated sharply (-8.0% vs -21.2%). Meanwhile, pork prices rose much softer (22.2% vs 34.4%), amid continued efforts from authorities to closely monitor market supply, demand, and prices while implementing measures to promote the long-term healthy development of the hog market. source: National Bureau of Statistics of China

Food Inflation in China averaged 5.70 percent from 1993 until 2022, 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 January of 2023.

Food Inflation in China is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Food Inflation is projected to trend around 5.00 percent in 2024, according to our econometric models.

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China Food Inflation

Related Last Previous Unit Reference
Inflation Rate 1.80 1.60 percent Dec 2022
Inflation Rate MoM 0.00 -0.20 percent Dec 2022
Consumer Price Index CPI 103.30 103.30 points Dec 2022
Core Inflation Rate 0.70 0.60 percent Dec 2022
Core Consumer Prices 100.70 100.60 points Dec 2022
GDP Deflator 722.52 696.46 points Dec 2021
Producer Prices 111.10 111.70 points Dec 2022
Producer Prices Change -0.70 -1.30 percent Dec 2022
Food Inflation 4.80 3.70 percent Dec 2022