Tight pork supply pushes up inflation, but relief on horizon
By Zhou Lanxu | China Daily | Updated: 2019-11-11 07:42
Analysts predict decline in CPI by second half of next year after jump in October
Though tight pork supply may continue to push up China's consumer inflation level in the next few months, it is unlikely to induce price increases in a wide range of goods or sway the country's policy stance of growth stabilization, analysts said.
The consumer price index, a main gauge of inflation, may begin to fall from the second quarter or the second half of next year, they said after the CPI hit 3.8 percent year-on-year in October, the highest this year and up from 3 percent the previous month.
Photo