The politically sensitive food inflation in China surged to 9.1 percent in July 2019, its highest since January 2012, as pork prices jumped 27 percent after a 21.1 percent climb in June. In addition, prices rose faster for fresh fruits (39.1 percent vs 42.7 percent), fresh vegetables (5.2 percent vs 4.2 percent) and eggs (10.5 percent vs 6.2 percent), and edible oil (0.4 percent vs 0.1 percent). Food Inflation in China averaged 5.72 percent from 1993 until 2019, 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.
Food Inflation in China is expected to be 7.50 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 1.90 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 2.10 percent in 2020, according to our econometric models.