A potential rebound in Chinese pork prices later this year is set to lift the lid on consumer inflation, complicating the central bank’s efforts to stimulate the economy.
After a brutal selloff over the past year, pork prices will gradually enter a new cycle of increases in 2022, according to a report in the state-backed China Securities Journal. Along with the effect of previous rises in commodity prices being passed on to consumer goods, more expensive pork will likely push up China’s consumer price index in 2022, the report cited analysts as saying.
