China Consumer Price Index rises Affected by African swine fever and new viruses Feb 10 16:08
Last month, China's CPI rose 5.4% compared to the same month in the previous year, the highest rate in eight years and three months. The rise in prices of foods such as pork seems to have affected the spread of the infectious disease ASF of pigs and the fever of African swine fever, as well as the spread of new coronavirus infections.
Last month's consumer price index, released by the Chinese National Bureau of Statistics on Tuesday, rose 5.4% compared to the same month of the previous year. The rate of increase was 0.9 points higher than the previous month, the highest level since October 2011 for the first time in eight years and three months.
In China, pork prices have recently stayed at about twice the same time last year due to the effects of ASF and African swine fever.
Last month, food prices, including perishables such as vegetables and fruits, were all rising, and food alone boosted the CPI by 4.1 points.
In China, where the spread of the new coronavirus is spreading, logistics has been stagnant and food has been stockpiled, which seems to have led to higher prices.
The spread of the new coronavirus infection has affected citizens' lives, such as delaying the reopening of businesses and schools, but it may also affect prices.