Food prices in China increased by 6.1 percent year-on-year in August 2022, slowing from a 6.3 percent rise a month earlier which was the fastest pace in 22 months, due to fresh COVID-19 restrictions in some cities to curb rising infections and adverse weather due to heatwaves. Still, the latest figure pointed to the fifth straight month of rising cost of food, amid a slowdown in prices of fresh fruit (16.3 percent vs 16.9 percent in July), fresh vegetables (6.0 percent vs 12.9 percent), eggs (1.7 percent vs 5.9 percent), and milk (0.8 percent vs 0.9 percent). Meantime, cost of cooking oils rose faster (7.5 percent vs 6.8 percent) as did that of pork (22.4 percent vs 20.2 percent), which reflects the impact of the recent cut in production capacity. 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 October of 2022.
Food Inflation in China is expected to be 6.00 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 2023, according to our econometric models.