Independent Strategy

Tags: PPI

China

POST » 10th December, 2019 » China November Inflation

The strong upswing in Chinese consumer price inflation in November has a very straightforward explanation.  The swine flu epidemic and the devastation this has inflicted on Chinese pig herds – reducing total numbers by over 40%.  Indeed, meat prices are up 74% yoy, driven by pork which is now up 110% compared to the same period last year.

China

POST » 10th July, 2019 » China June Inflation Report

Consumer prices remained steady in June with prices actually falling m/m, which kept the y/y rate at 2.7%.  The backdrop would have been more encouraging had swine flu not taken its toll on meat prices while fresh fruit and vegetables have also soared over the past few months.

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