Food prices in China increased by 10.6 percent from a year earlier in May 2020, easing from a 14.8 percent advance in April. This was the lowest food inflation since August last year, with pork prices rising at a softer rate (81.7 percent vs 96.9 percent in April). Pork prices have been rising during the last year amid a prolonged African swine fever epidemic. Also, cost fell faster for fresh vegetables (-8.5 percent vs -3.7 percent), fresh fruit (-19.3 percent vs -10.5 percent), and eggs (-12.3 percent vs -2.7 percent). Meanwhile, cost continued to rise for both cooking oil (5.3 percent vs 5.6 percent) and dairy products (1 percent vs 0.9 percent).
Food Inflation in China averaged 6.01 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 July of 2020. source: National Bureau of Statistics of China
Food Inflation in China is expected to be 10.00 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 4.90 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 3.10 percent in 2021 and 2.10 percent in 2022, according to our econometric models.