Food prices in China declined by 1.7 percent year-on-year in June 2021, reversing from a 0.3 percent rise in the previous month, due to a faster drop in pork prices (-36.5 percent vs -23.8 percent in May) after soaring in 2019 due to the African Swine outbreak. In addition, cost slowed for fresh vegetables (0.1 percent vs 5.4 percent), cooking oil (7.7 percent vs 8.1 percent), and dairy products (2.2 percent vs 2.4 percent). Meantime, prices increased faster for both eggs (17.9 percent vs 14.3 percent) and fresh fruit (3.1 percent vs 1.4 percent). source: National Bureau of Statistics of China
Food Inflation in China averaged 5.95 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 August of 2021.
Food Inflation in China is expected to be 0.30 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 2.10 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.