Economics
China’s Pork Prices Take Flight as Economy Holds Inflation Down
- Pork prices surged 46.7% in August amid ongoing herd disease
- Inflation excluding food and energy decelerated in the month
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China’s ongoing swine fever outbreak is causing havoc for consumers in the form of runaway price gains for pork, but less of a headache for the central bank that’s more focused on emerging deflation risks.