China Consumer Prices Drop for 3rd Month

2026-07-09 01:50 By Chusnul Chotimah 1 min. read

China's food prices fell 1.6% year-on-year in June 2026, following a 1.7% decline in the previous month, which was the steepest decline in seven months.

It was the third consecutive monthly decrease, reflecting ample food supplies and weak consumer demand.

Prices continued to decline for fresh fruit (-0.7% vs -1.0% in May), edible oils (-1.1% vs -1.2%), and dairy products (-1.7% vs -1.2%), while fresh vegetable prices fell after rising in May (-0.3% vs 1.6%).

Pork prices, a key component of China's food basket, declined at a slower pace (-15.9% vs -16.1%) amid abundant supply and subdued consumption.

In contrast, egg prices rose at a faster pace (16.0% vs 6.6%).



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China Consumer Prices Drop for 3rd Month
China's food prices fell 1.6% year-on-year in June 2026, following a 1.7% decline in the previous month, which was the steepest decline in seven months. It was the third consecutive monthly decrease, reflecting ample food supplies and weak consumer demand. Prices continued to decline for fresh fruit (-0.7% vs -1.0% in May), edible oils (-1.1% vs -1.2%), and dairy products (-1.7% vs -1.2%), while fresh vegetable prices fell after rising in May (-0.3% vs 1.6%). Pork prices, a key component of China's food basket, declined at a slower pace (-15.9% vs -16.1%) amid abundant supply and subdued consumption. In contrast, egg prices rose at a faster pace (16.0% vs 6.6%).
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China Food Prices Post Steepest Drop in 7 Months
China’s food prices fell 1.7% year-on-year in May 2026, following a 1.6% decline in the previous month. It was the second consecutive monthly decrease and the fastest decrease since last October, reflecting ample food supplies and weak consumer demand. Prices continued to fall for fresh fruit (-2.2% vs. -1.0% in April), edible oils (-1.2% vs. -1.0%), and dairy products (-1.2% vs. -1.2%). Pork prices, a key component of China’s food basket, declined at a faster pace (-16.1% vs. -15.2%), amid abundant supply and subdued consumption. In contrast, egg prices picked up sharply (6.6% vs. 0.5%), while fresh vegetable prices rebounded (1.6% vs. -0.5%), likely reflecting seasonal fluctuations and higher transportation costs.
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