The recovery in pork supply has driven consumer prices in China lower for the first time since 2009, according to new data from the country’s statistics agency.
The consumer price index (CPI), which measures the average change in prices over time that consumers pay for a basket of goods and services, was down 0.5 percent in November from a year earlier. The index came in below market expectations, with a Wall Street Journal poll of economists having forecast it to be unchanged, while analysts polled by Reuters expected it to range between -0.3 percent and +0.5 percent.
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