China’s food prices fell 1.7% year-on-year in May 2026, following a 1.6% decline in the previous month. It was the second consecutive monthly decrease and the fastest decrease since last October, reflecting ample food supplies and weak consumer demand. Prices continued to fall for fresh fruit (-2.2% vs. -1.0% in April), edible oils (-1.2% vs. -1.0%), and dairy products (-1.2% vs. -1.2%). Pork prices, a key component of China’s food basket, declined at a faster pace (-16.1% vs. -15.2%), amid abundant supply and subdued consumption. In contrast, egg prices picked up sharply (6.6% vs. 0.5%), while fresh vegetable prices rebounded (1.6% vs. -0.5%), likely reflecting seasonal fluctuations and higher transportation costs.