Food prices in China increased by 1.2 percent year-on-year in December 2020, following a 2.0 percent drop in the prior month, on adverse weather and rising demand ahead of the Lunar New Year festival. Pork prices fell much less (-1.3% vs -12.5%) after soaring last year due to the African Swine outbreak. Also, prices of eggs declined at a softer pace (-10.8 percent vs -17.1 percent). Meanwhile, cost rose further for fresh fruit (6.5 percent vs 3.6 percent), fresh vegetables (6.5 percent vs 8.6 percent), cooking oil (4.3 percent vs 3.1 percent), and dairy products (1.3 percent vs 1.5 percent). source: National Bureau of Statistics of China
Food Inflation in China averaged 6.05 percent from 1993 until 2020, 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 2021.
Food Inflation in China is expected to be -1.20 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 1.00 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.