4 ms·
> Mainly caused by normalizing pork price, last year it went wild due to swine flu. Seriously? One food can cause the entire economy to slip into deflation?
by worrycue 3y ago
> Mainly caused by normalizing pork price, last year it went wild due to swine flu.
Seriously? One food can cause the entire economy to slip into deflation?
- eunos 3y agoPork price is a huge component of Chinese CPI. Also the price reductions were massive, like double digit huge. https://www.cnbc.com/2023/08/09/china-reports-smaller-than-expected-drop-in-consumer-prices.html https://www.cnbc.com/2023/08/09/china-reports-smaller-than-e... "A 26% year-on-year drop in pork prices, a staple food in China, contributed to the overall decline in the CPI in July"