Food prices in China increased by 7.9 percent from a year earlier in September 2020, following an 11.2 percent advance in the prior month. This was the lowest food inflation since May 2019, amid the impact of the COVID-19 pandemic. Pork prices rose much softer (25.5 percent vs 52.6 percent in August), affected by a prolonged African swine fever epidemic. At the same time, prices fell further for both fresh fruit (-6.9 percent vs -19.8 percent) and eggs (-15.8 percent vs -11 percent). Meanwhile, cost continued to rise for fresh vegetables (17.2 percent vs 11.7 percent), cooking oil (5.5 percent vs 6.4 percent), and dairy products (1 percent vs 1.2 percent).
Food Inflation in China averaged 6.11 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 October of 2020. source: National Bureau of Statistics of China
Food Inflation in China is expected to be 8.90 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 14.00 in 12 months time. In the long-term, the China Food Inflation is projected to trend around 10.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.