Food prices in China declined by 4.1 percent year-on-year in August 2021, after a 3.7 percent fall in the previous month. This marked the third straight month of drop in cost of food and the steepest pace in the sequence, dragged down by a faster decrease in pork prices (-44.9 percent vs -43.5 percent in July) after soaring in 2019 due to the African Swine outbreak. In addition, prices of fresh vegetables continued to fall (-1.5 percent vs 4 percent). At the same time, prices went up at a softer rate for cooking oil (6.8 percent vs 7.2 percent), dairy products (1.8 percent vs 2 percent), and eggs (13.9 percent vs 15.6 percent), and fresh fruit (5 percent vs 5.2 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 September of 2021.
Food Inflation in China is expected to be -3.30 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.