China Food Prices Rise The Most in Three Months, as Transport Inflation Falls

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 Inflation Highest in Eight Years as Pork Prices Soar 101 Percent on the Month

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.