MNI BRIEF: China Pork CPI Falls In June

Pork prices in China’s Consumer Price Index declined in June, marking a shift from the positive trend over the first six months of the year, as the overall index rebounded to a 0.1% rise y/y, official data showed on Wednesday.

In June, pork prices declined by 8.5% year-on-year and 1.2% month-on-month, reversing the 3.8% growth recorded in H1, the data showed.

China’s pork prices are expected to remain negative in H2, eroding one of the already-subdued inflation gauge’s few supports, a government advisor told MNI. (See: MNI INTERVIEW: China CPI’s Pork Support)