Macroeconomics Food Prices Fall in February Due to Sharp Drop in the Cost of Pork Compared with February 2020 when China’s nationwide quarantine was in full swing, this past month’s food prices were down .2 percent on an annual basis. This marks the first time since last November that the average cost of food was down year-on-year. While pig supplies remain uncertain, the price of pork declined at a brisk rate during last month’s holiday period. The average retail price fell by 14.9 percent from a year ago. The decrease was offset by increases in other food items, including eggs, fresh fruit, fresh vegetables, cooking oil, and dairy products, which rose by 3 percent, 3.1 percent, 3.3 percent, 6.2 percent, and 1.2 percent...