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China inflation surges as pork prices soar

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China inflation surges as pork prices soarChina’s consumer inflation accelerated at its fastest pace in almost six years in September as African swine fever sent pork prices soaring nearly 70 percent, official data showed Tuesday. Authorities have gone as far as tapping the nation’s pork reserve to control prices of the staple meat, as the swine fever crisis could become a political and economic liability for the state. The consumer price index (CPI) — a key gauge of retail inflation — hit 3.0 percent last month, the National Bureau of Statistics (NBS) said, up from 2.8 percent in August and the highest since since November 2013.

Source: yahoo.com/news