China’s consumer inflation remained high in July, due in large part due to the cost of pork, with the African swine fever crisis ravaging the pig population in the world’s biggest consumer of pork. Photo: AFP

US trade war drives China’s producer prices into deflation, as pork prices send consumer inflation higher

  • Producer price index (PPI) fell back into negative territory at minus 0.3 per cent in July compared to a year earlier, down from the flat reading in June
  • Consumer price index (CPI) rose to 2.8 per cent in July, the highest reading since February 2018, largely due to rising pork prices
Topic |   China economy

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China’s consumer inflation remained high in July, due in large part due to the cost of pork, with the African swine fever crisis ravaging the pig population in the world’s biggest consumer of pork. Photo: AFP
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