SHANGHAI :
China's CPI Will Likely Grow Around 3% this year, Official Says
Xu Wei
DATE:  Dec 17 2019
/ SOURCE:  yicai
 China's CPI Will Likely Grow Around 3% this year, Official Says China's CPI Will Likely Grow Around 3% this year, Official Says

(Yicai Global) Dec. 17 -- China's consumer price index will likely rise by around 3 percent this year, in line with expectations, the country's top economic planner predicted today.

The country has a solid foundation for stability and ample industrial and agricultural supplies as pig stocks begin to recovery, the National Development and Reform Commission's spokesman Meng Wei said at a press briefing.

The CPI rose an average 2.8 percent through the first 11 months, with rising pork prices making up about 60 percent of the increase, he added. China has been struggling with hog supplies after the pig-killing African swine fever epidemic arrived in the country in August last year.

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