Food prices in China declined by 2.4 percent year-on-year in October 2021, after a 5.2 percent fall in the previous month. This marked the fifth straight month of drop in cost of food but the softest pace since June, with pork prices falling slightly less (- 44.0 percent vs - 46.9 percent in September) after soaring in 2020 due to the African Swine outbreak. In addition, there was a sharp rebound in prices of fresh vegetables (15.9 percent vs -2.5 percent in September) and a marked turnaround in cost of fresh fruit (0.5 percent vs -0.8 percent). At the same time, prices increased further for cooking oil (6.4 percent vs 6.5 percent), dairy products (1.4 percent vs 1.6 percent), and eggs (12.6 percent vs 12.6 percent). Meanwhile, pork prices fell by 44.0 percent, slightly less than a 46.9 decrease in September after soaring in 2020 due to the African Swine outbreak. source: National Bureau of Statistics of China

Food Inflation in China averaged 5.83 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 November of 2021.

Food Inflation in China is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Food Inflation is projected to trend around 3.00 percent in 2022, according to our econometric models.

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China Food Inflation

Related Last Previous Unit Reference
Inflation Rate 1.50 0.70 percent Oct/21
Inflation Rate Mom 0.70 0.00 percent Oct/21
Consumer Price Index CPI 101.30 100.60 points Oct/21
Core Consumer Prices 101.30 101.20 points Oct/21
Core Inflation Rate 1.30 1.20 percent Oct/21
GDP Deflator 698.12 689.46 points Dec/20
Producer Prices 113.10 110.30 points Oct/21
Producer Prices Change 13.50 10.70 percent Oct/21
Food Inflation -2.40 -5.20 percent Oct/21