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China’s pork price jumps 110 per cent, sending consumer inflation rocketing to eight-year high
A 110.2 per cent increase in the price of pork from a year earlier led to a further rise in China’s consumer prices in November, as African swine fever continued to take a toll on the country’s pig population, data released on Tuesday showed. The consumer price index (CPI) rose to 4.5 per cent from a year earlier, up from a 3.8 per cent gain in October, the highest reading since reaching the same level in January 2012, according to the National Bureau of Statistics. China’s consumer prices have steadily increased all year having stood at 1.9 per cent in January. The highest CPI reading on record was the 8.2 per ... (full story)