Chinese Inflation Surges as Pig Prices Fly High - News Summed Up

Chinese Inflation Surges as Pig Prices Fly High


BEIJING—Surging pork prices pushed China’s consumer inflation to a near six-year high in September, complicating Beijing’s effort to stimulate growth but also giving it an incentive to buy more agricultural goods from the U.S. The consumer-price index rose 3% in September from a year earlier, according to data released by the National Bureau of Statistics on Tuesday, bumping up against Beijing’s inflation target of “around 3%” this year. The rise in consumer prices accelerated from August’s 2.8% expansion and topped a median...


Source: Wall Street Journal October 15, 2019 04:59 UTC



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