Data from the National Bureau of Statistics showed that the producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 0.8 per cent. Photo: AP
China’s consumer price index remains flat despite almost 50 per cent spike in cost of pork
- The consumer price index (CPI) rose 2.8 per cent, unchanged from the previous month’s rate as a 23.1 per cent rise in pork prices continued to fuel inflation
- China’s producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 0.8 per cent in August
Topic |
China economy
Data from the National Bureau of Statistics showed that the producer price index (PPI), reflecting the prices that factories charge wholesalers for their products, fell 0.8 per cent. Photo: AP
Across China, pork prices have doubled since July, reaching record highs of 30 yuan (US$4.20) to 33 yuan per kilogram, surpassing analyst expectations. Photo: Reuters
China’s pork prices starting to ‘scare’ consumers as discontent soars
- Across China, prices have doubled since July, reaching record highs of 30 to 33 yuan per kilogram, surpassing analyst expectations
- Beijing has implemented policies to offset increases but it is expected to take years to restore stocks after African swine fever outbreak led to 1 million pigs being culled
Topic |
China economy
Across China, pork prices have doubled since July, reaching record highs of 30 yuan (US$4.20) to 33 yuan per kilogram, surpassing analyst expectations. Photo: Reuters