China factory prices falter, while inflation soars to near eight-year high 0 SHARES Share it! In contrast, China’s consumer prices rose at their fastest pace in almost eight years, driven mostly by a surge in pork prices as African swine fever ravaged the country’s hog herds. October’s consumer price index (CPI) rose 3.8% year-on-year, the most since January 2012 and beating analysts’ expectations for 3.3% rate. The rise was driven largely by a steep climb in pork prices and other meats after African swine fever killed a large portion of China’s pigs. Pork prices more than doubled year-on-year in October, according to the stats bureau, accounting for over 60% of the CPI increase.

Source: Manila Bulletin November 10, 2019 05:39 UTC