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CPI growth projected to fall due to lean hog season

CPI growth projected to fall due to lean hog season
By Sun Chi |
chinadaily.com.cn |
Updated: 2021-07-08 11:00
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People buy pork in Qingzhou, East China s Shandong province, on June 9, 2021. [Photo/Sipa]
Financial institutes said China s Consumer Price Index growth rate will fall to around 1.2 percent in June year-on-year mainly due to the drop in hog price, the Economic Information Daily reported on Thursday.
The pork price slid more than 10 percent due to a continuous increase in hog production capability and a traditional low season of May and June for pork consumption, said Li Chao, chief economist from Zheshang Securities. ....

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