Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE
Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE

China’s transport costs surge in line with skyrocketing oil prices, but at least food is getting cheaper

  • China’s official consumer price index (CPI) rose by 1.1 per cent in June, year on year, while plunging pork prices helped drive down the cost of food by 1.7 per cent
  • Oil prices worldwide have been climbing for months amid a global recovery and nearly reached US$80 a barrel in June

Topic |   China economy
Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE
Plunging pork prices helped drive down the cost of food by 1.7 per cent in China last month. Photo: EPA-EFE
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