According to the official data of the National Bureau of Statistics of China, published on Thursday May 9, in April consumer inflation in China reached a six-month high, mainly due to rising pork prices.

In April, the official consumer price index rose 2.5% in April, the highest since last October. This number is in line with expectations and slightly higher than the March 2.3%.

Prices for pork, which occupies a significant place in the consumer basket of goods, increased by 14.4% year on year and 1.6% on a monthly basis.

“According to our estimates, pork prices may rise at least until the fourth quarter or even before the end of the year and may increase by 30% year on year.

As a result, both food inflation and general consumer price inflation may continue to rise in the near future, ”said Jinyan Chen, economist at HSBC, one of the largest banking and financial services organizations in the world.

In general, according to the National Bureau of Statistics of China, consumer price inflation for foodstuffs rose by 6.1% compared to last year in April, compared with 4.1% a month earlier. Non-food inflation in April was 1.7%.