Food prices in China increased by 1.0% year-on-year in May 2023, accelerating sharply from a 0.4% rise a month earlier which was the softest pace since March 2022. This was the 14th straight month of food inflation, with upward price pressures coming from cooking oils (3.6% vs 4.8%in April), fresh fruit (3.4% vs 5.3%). and milk (0.6% vs 1.1%). At the same time, cost of fresh vegetables declined much softer (-1.7% vs -13.5%). Prices of pork fell by 3.2% after rising 4.0% previously, amid continued efforts from authorities to closely monitor supply and demand in the hog market. Meantime, cost of eggs declined by 1.5% after rising 1.2% in April. source: National Bureau of Statistics of China

Food Inflation in China averaged 5.67 percent from 1993 until 2023, 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 June of 2023.

Food Inflation in China is expected to be 0.20 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 4.20 percent in 2024 and 3.90 percent in 2025, according to our econometric models.

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China Food Inflation

Related Last Previous Unit Reference
Inflation Rate 0.20 0.10 percent May 2023
Inflation Rate MoM -0.20 -0.10 percent May 2023
Consumer Price Index CPI 103.00 103.20 points Apr 2023
Core Inflation Rate 0.70 0.70 percent Apr 2023
Core Consumer Prices 100.70 100.70 points Apr 2023
GDP Deflator 722.52 696.46 points Dec 2021
Producer Prices 110.10 110.60 points Apr 2023
Producer Prices Change -4.60 -3.60 percent May 2023
Food Inflation 1.00 0.40 percent May 2023