China’s consumer inflation unexpectantly dropped by 0.3 percent year-on-year in January 2021, from 0.2 percent the previous month and compared with market consensus of unchanged. The decline was primarily due to a fall in the cost of transport (-4.6% vs -3.1%) and rent, fuel, and utilities (-0.4% vs -0.6%). However food prices went up 1.6 percent, the most in three months
China’s annual consumer inflation rose to 4.5 percent in November 2019 from 3.8 percent the previous month and above market expectations of 4.2 percent to the highest inflation rate since January 2012 as persistently high pork prices keep pressuring inflation.
China’s annual consumer inflation rose to 3.8 percent in October 2019 from 3 percent the previous month and above market expectations of 3.3 percent to the highest inflation rate since January 2012 with persistently high pork prices pressuring inflation.
Swine flu has reeked havoc on pork supplies around the world and has hit China very hard and has now spread to ten European countries. Chinese food prices in July jumped 9.1% consumer staples pork prices up 27% fresh and fruit prices up 39.1% from a year ago.