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China's consumer price index increased by 2.8% in September from a year ago as prices of food, especially pork, rose. Future Publishing | Future Publishing | Getty Images BEIJING — China's consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. That marked the fastest pace since a 3.3% year-on-year increase in April 2020, according to Wind Information. Much of the gains came from a continued pickup in pork prices , which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. Pork, a food staple in China, has a significant weighting in the country&#x27 ;s official consumer price index. However, other indicators pointed to subdued consumer demand. Excluding food and energy, so-called core CPI rose by only 0.6% from a year ago — the slowest p...

Customers buying pork at a food market in Shanghai, China. Prices of pork, a food staple in China, rose by 20.2% in July 2022 compared to a year ago, official data showed. Qilai Shen | Bloomberg | Getty Images BEIJING — China's consumer price index hit a two-year high in July as pork prices rebounded, according to official data released Wednesday. Prices of pork, a food staple in China, rose by 20.2% in July from a year ago. It marked the first increase since September 2020, according to official data accessed through Wind Information. In fact, pork prices posted their largest month-on-month surge on record — up by 25.6%, the data showed . Farmers' reluctance to sell — in hopes of getting higher prices in the future — contributed to July's pork price surge, said Bian Shuyang, agricultural products analyst at Nanhua Futures, in a statement. Looking ahead, Bian expects it will be difficult for pork prices to surpass July's levels. Two Chinese holidays in September ...