Food prices in China advanced by 2.3 percent year-on-year in May 2022, following a 1.9 percent gain in the prior month. This was the second straight month of increase in cost of food and the fastest pace since September 2020, as consumption strengthened following an easing of COVID-19 curbs in key cities, including Shanghai and Beijing. Main upward pressures largely came from fresh fruit (19 percent vs 14.1 percent in April), fresh vegetables (11.6 percent vs 24.0 percent), eggs (10.6 percent vs 12.1 percent), beef (1 percent vs 0.8 percent), milk (0.9 percent vs 0.4%), and cooking oils (3.8 percent vs 3.5 percent). In addition, pork prices dropped much softer (-21.1 percent vs -33.3 percent), as authorities introduced a three-level early-warning system to raise the alarm for excessive ups and downs in hog prices. source: National Bureau of Statistics of China
Food Inflation in China averaged 5.82 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 July of 2022.
Food Inflation in China is expected to be 3.50 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 2023, according to our econometric models.