​China Inflation Unexpectedly Hits Five Month High Driven By Soaring Pork Prices – Tyler Durden

China Inflation Unexpectedly Hits Five Month High Driven By Soaring Pork Prices China’s consumer prices rose faster than expected in July, driven mostly by a surge in food/pork prices, even as core inflation continued to sink, raising concerns over persistent deflation in the world’s second-largest economy. The country’s CPI rose 0.5% YoY In July year on year, the National Bureau of Statistics said on Friday, beating the median forecast of a 0.3%. The rise was the biggest since February, when prices grew 0.7%, and outpaced the 0.2% rise in June. Food price inflation rose across the board in July due…  — Continue at ZeroHedge News : Read More