China’s food prices declined 4.4% year-on-year in September 2025, after a 4.3% fall in the previous month and marking the eighth straight monthly decrease. It was also the sharpest drop since January 2024, with broad-based declines across categories: fresh vegetables (-13.7% vs -15.2% in August), eggs (-11.9% vs -12.4%), cooking oils (-1.4% vs -1.5%), milk (-1.4% vs -1.6%), and fresh fruit (-4.2% vs -3.7%). At the same time, pork prices, a key staple, continued to drop (-17.0% vs -16.1%), driven by abundant supply ahead of the Golden Week holidays, cheaper production costs, and subdued consumer demand.