Soaring pork prices keep China's inflation at 7-year high

Soaring pork prices that nearly doubled in December over a year ago kept inflation at a seven-year high despite government efforts to ease meat shortages caused by a disease outbreak, official data showed Thursday. The price of pork rose 97% over a year earlier despite increased imports of China's staple meat and the release of thousands of tons from government stockpiles. Food prices rose 17.4% and overall consumer inflation was 4.5%, well above the ruling Communist Party's official target of 3%.

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