Chinese inflation hits highest rate since 2012

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Prices of pork, the staple meat in China, have more than doubled in the past year.

China's consumer prices grew at their fastest rate in almost eight years in October driven by a spike in pork prices caused by an outbreak of African swine fever, according to official figures released Saturday.

More than a million pigs have been culled due to the widespread outbreaks since African swine fever appeared in August 2018, according to official statistics, but that is widely considered to be an underestimate. The spike has led the government to intervene to stabilise prices and guarantee supplies, according to the official Xinhua news agency.

 

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