China’s food prices rose 0.3% year-on-year in March 2026, easing sharply from a 1.7% increase in the previous month, which had marked the fastest rise since October 2024, as supply conditions improved and earlier weather-related pressures faded. Price growth slowed notably for fresh vegetables (4.9% vs 10.9% in February) and fresh fruit (4.0% vs 5.9%), pointing to better seasonal supply and normalization after prior spikes. Meanwhile, pork prices, a key household staple, fell at a steeper pace (-11.5% vs -8.6%), highlighting persistent oversupply and deepening deflationary pressure following a prolonged supply-driven downturn. Elsewhere, prices remained subdued for eggs (-3.1% vs -2.9%), cooking oils (-0.8% vs -1.1%), and dairy products (-0.7% vs -1.1%), reflecting soft demand and ample inventories.

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