China consumer inflation reaches two-year high due to surging pork prices

Econsnap

China’s consumer price index rose 2.7 percent last month from a year earlier as pork prices surged 20.2 percent, National Bureau of Statistics data showed.China’s consumer inflation accelerated in June to the highest level in two years, largely due to surging pork costs, while weak consumer demand kept overall price pressures in check.The consumer price index rose 2.7 percent last month from a year earlier as pork prices surged 20.2 percent, National Bureau of Statistics data showed Wednesday. The pickup in CPI was lower than the 2.