China's consumer price index rising due to ASF concern about household impact December 10 12:47
China's consumer price index last month rose 4.5% compared to the same month last year, as pork prices soared more than twice as a result of the swine infectious disease ASF, the so-called African swine fever. The rate of increase is the highest for the first time in 7 years and 10 months, and there is concern over the impact on households and consumption.
China's National Bureau of Statistics announced last month's consumer price index was 4.5% more than the same month last year, and the rate of increase was 0.7 points higher than the previous month. The rate of increase has increased for the third consecutive month, the highest level in seven years and ten months since January 2012.
The rise in the consumer price index is due to the fact that pork prices soared more than twice the same month last year as a result of the spread of ASF infection. It was.
Chinese authorities are taking measures to increase pork imports and distribute frozen pork for stockpile to the market in order to control pork prices. However, the effect of curbing pork prices has not yet appeared, and the rate of increase in the consumer price index continues to exceed the 3% target set by the Chinese government.
In China, the economic slowdown continues against the backdrop of trade friction with the United States, but if the price of pork, which is indispensable for China's diet, continues to rise, there are concerns that households and consumption will be further affected .