Pork prices in china drop for the first time in nearly 2 years
China’s consumer price index (CPI) in October, increased by 0.5% y/y
Pork prices in China dropped by 2.8% y/y in October, the first decline since February 2019. Pork prices, China’s most popular meat, had been surging in the past 19 months, with the growth rate reaching as high as 135.2% y/y in February 2020.
China’s consumer price index (CPI) in October, increased by 0.5% y/y, compared to 1.7% y/y in September, further easing the pressure on consumers.
Further data and analysis on China’s economy is available on the CEIC China Economy in a Snapshot – Q4 2020 report.