The politically sensitive food inflation in China rose to 10 percent in August 2019, its highest since January 2012, from 9.1 percent in the previous month, as pork prices jumped 46.7 percent, faster than a 27 percent increase in July. 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 9.30 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 1.80 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.