Meals costs in China declined by 4.2% from the prior yr in November 2023, quicker than a 4.0% fall within the earlier month. This was the fifth straight month of drop in the price of meals and the steepest tempo since September 2021. Pork costs fell at a steeper tempo (-31.8% vs -30.1% in October), reflecting a worse-than-expected demand as a result of a higher-than-usual temperature and nonetheless ample provide within the wake of a Golden Week break. Additionally, there have been declines in costs of cooking oils (-4.1% vs -3.5%), eggs (-8.8% vs -5.0%), and milk (-0.3% vs flat studying). In contrast, the price of contemporary greens rebounded (0.6% vs -3.8%) whereas that of contemporary fruit quickened (2.7% vs 2.2%). supply: Nationwide Bureau of Statistics of China
Price of meals in China decreased 4.20 % in November of 2023 over the identical month within the earlier yr. Meals Inflation in China averaged 5.54 % from 1993 till 2023, reaching an all time excessive of 40.20 % in October of 1994 and a document low of -5.50 % in April of 1999. This web page gives – China Meals Inflation – precise values, historic information, forecast, chart, statistics, financial calendar and information. China Meals Inflation – values, historic information and charts – was final up to date on December of 2023.
