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

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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
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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

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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
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