Food Inflation Food Prices See Biggest Jump in Four Months The average cost of food in China rose by 6.2 percent from a year ago in January, marking the third straight month of increases and the highest uptick since last October. Going back to April 2022, food prices in the country have now risen for ten consecutive months. The January number might come as a surprise given the surge in COVID-19 cases and related deaths, but with the Zero-COVID-19 policy essentially set aside, most people gathered with extended family to celebrate the lengthy Lunar and Lantern Festival holidays. The big drivers in January of higher food costs included fresh fruit, pork, vegetables, eggs, and cooking oil, which saw annualized upticks of 13.1 percent, 11.8 p...

TAGS – Feed Grains, Soy & Oilseeds, Wheat, Livestock, China