Chinese inflation hits eight-year high as pork prices double

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Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever epidemic caused pork ...

BEIJING: Consumer prices in China accelerated at their fastest pace for almost eight years in November as the African swine fever epidemic caused pork prices to more than double, data showed Tuesday .

READ: Is African swine fever contagious? What you need to know about the disease sweeping across Asia With China's pig herd down by about 40 per cent, authorities last week launched a plan to restore pork production to pre-swine fever levels by 2021.The crisis has also sent prices of beef, lamb and eggs up as consumers switch to other sources of protein.China's consumer inflation target for 2019 is around 3 per cent.

 

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