Consumer price inflation accelerated to 2.5 per cent in April from a year earlier, its highest level since October, up from 2.3 per cent in March, according to data released by the National Bureau of Statistics (NBS) on Thursday. Photos: Reuters
China inflation jumps to six-month high as African swine fever drives up pork prices
- Consumer prices rise to 2.5 per cent in April, up from 2.3 per cent in March, as pork prices jump 14.4 per cent, according to the National Bureau of Statistics
- Producer price inflation rises to 0.9 per cent in April compared to a year earlier, up from 0.4 per cent in March, and above the median 0.6 per cent gain predicted
Topic |
China economy
Consumer price inflation accelerated to 2.5 per cent in April from a year earlier, its highest level since October, up from 2.3 per cent in March, according to data released by the National Bureau of Statistics (NBS) on Thursday. Photos: Reuters
China is desperately struggling to fill a market gap that could see as many as 200 million pigs lost to disease or slaughter, according to a study from Rabobank. Photo: Reuters
China’s African swine fever outbreak and US trade war combine to create perfect storm for Chinese economy
- Beijing placed 50-70 per cent tariffs on US pork imports to punish farm states that support US President Donald Trump
- But with African swine fever threatening 200 million pigs, the biggest consumer of pork in the world is facing a shortage as demand and prices rise
Topic |
China economy
China is desperately struggling to fill a market gap that could see as many as 200 million pigs lost to disease or slaughter, according to a study from Rabobank. Photo: Reuters