Pork Prices Keep Rising, CPI up 0.9pc in September

China's CPI is starting to breakout to the upside as the pork crisis escalates. Previous reports predicted a spike in pork prices in the second half of the year, but the continued collapse in swine herds has been a surprise.

Reuters: China's pork, beef imports surge in September

The deadly African swine fever has reduced the world’s top pig herd by almost 40%, according to official data, after spreading unchecked throughout the country and leaving many farmers unwilling to replenish their farms.

The slump in the herd has pushed retail pork prices up by 84% year-on-year to 43.4 yuan ($6.14) per kg while the country’s food price index is at its highest since January 2012.

NBS: 2019年9月份居民消费价格同比上涨3.0%

Producer prices were up 0.1 percent in September. NBS: 2019年9月份工业生产者出厂价格同比下降1.2%