China’s Inflation Rises at Fastest Pace in Two Years
Posted on AllSides October 14th, 2022
From The Center
Consumer prices in China rose in September at their fastest annual pace in more than two years, though inflation in the world’s second-largest economy remains mild compared with rates seen in Europe and the U.S.
Annual inflation hit 2.8% in September, China’s National Bureau of Statistics said Friday, driven by a sharp rise in prices of food, especially pork. That compared with a 2.5% annual rise in consumer prices in August, and marked the fastest rate of inflation since April 2020.
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