Consumer-price growth in China slowed to 0.7 per cent in October. Photo: AFP
Consumer-price growth in China slowed to 0.7 per cent in October. Photo: AFP

Coronavirus, power crisis send China vegetable prices soaring, but inflation risks set to be temporary

  • Wholesale vegetable prices in China have surged to their highest level since February, with officials pledging to crack down on hoarding and ensure a stable supply
  • Economists expect the boost to inflation to be temporary, with prices likely to remain high for a few months until demand eases during the Lunar New Year in February

Topic |   China inflation
Consumer-price growth in China slowed to 0.7 per cent in October. Photo: AFP
Consumer-price growth in China slowed to 0.7 per cent in October. Photo: AFP
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