The price of pork increased significantly in China
In China, pork prices rose 116 percent in January, compared to a year before. According to the Chinese Bureau of Statistics, the rise in prices contributed to the 20.6 percent increase in food prices and a 5.4 percent increase in inflation – origo wrotem after CNBC.
Analysts polled by Reuters expected a 4.9 percent annual rise in consumer prices.
Pork prices rose dramatically between December and January, which experts attribute to Lunar New Year celebrations and coronavirus diseases. However, prices were mainly caused by the emergence of African swine fever, which meant that much of the country’s pig population had to be destroyed. (origo)
Related news
Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >In Turkey, retail sales growth slowed in May on an annual basis
In Turkey, retail sales growth in May was 5.8 percent,…
Read more >Food prices in China have been falling for twelve months
In June, the annual inflation in China moderated to a…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >