Food prices in China declined by 5.2 percent year-on-year in September 2021, after a 4.1 percent fall in the previous month. This marked the fourth straight month of drop as pork prices eased further (-46.9 percent vs -44.9 percent in August) after soaring in 2020 due to the African Swine outbreak. In addition, prices of fresh vegetables dropped at a faster rate (-2.5 percent vs -1.5 percent), while the cost of fresh fruit fell by 0.8 percent after gaining 5 percent in August. At the same time, prices went up at a softer rate for cooking oil (6.5 percent vs 6.8 percent), dairy products (1.6 percent vs 1.8 percent), and eggs (12.6 percent vs 13.9 percent). source: National Bureau of Statistics of China
Food Inflation in China averaged 5.86 percent from 1993 until 2021, 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 October of 2021.
Food Inflation in China is expected to be 0.40 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 3.00 percent in 2022, according to our econometric models.