Food prices in China declined by 0.7 percent year-on-year in March 2021, following a 0.2 percent fall in the prior month. This was the second straight month of drop in cost of food, with pork prices falling faster (-18.4 percent vs -14.9 percent in February) after soaring in 2019 due to the African Swine outbreak. Meantime, there were rises in cost for eggs (3.4 percent vs 3.0 percent), fresh fruit (4.0 percent vs 3.1 percent), fresh vegetables (0.2 percent vs 3.3 percent), cooking oil (6.9 percent vs 6.2 percent), and dairy products (2.1 percent vs 1.2 percent). source: National Bureau of Statistics of China
Food Inflation in China averaged 6.02 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 April 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.