Chine L'Inflation Alimentaire

China’s food prices rose 1.1% year-on-year in December 2025, accelerating sharply from a 0.2% increase in the previous month and marking the strongest pace since October 2024. The pickup was driven by faster price gains in fresh vegetables (18.2% vs 14.5% in November) and fresh fruit (4.4% vs 0.7%), reflecting seasonal supply constraints, colder winter weather, and higher logistics costs toward year-end. In contrast, prices declined further for eggs (-12.7% vs -12.5%), cooking oils (-1.0% vs -1.2%), and dairy products (-1.8% vs -1.6%), amid ample supply and subdued household demand. Pork, a key household staple, also remained deeply negative (-14.6% vs -15.0%), suggesting persistent oversupply and cautious consumer spending despite signs of stabilization in broader inflation.