AI Data Insight
In May 2026, China's food CPI index stood at 98.4 (equivalent to a 1.6% year-on-year decrease). Although slightly narrowing from the previous reading of 98.3 (down 1.7% YoY), it remains deeply entrenched in negative growth territory. The continued decline in pork and fresh fruit prices is the core factor dragging down the index, offsetting the upward momentum in non-food items. Against the backdrop of end-consumer demand still needing a boost, food inflation is expected to fluctuate at a low level in the short term.