China's consumer inflation climbed up in June to the highest point in two years, official data showed on Saturday.
BEIJING - China's consumer inflation climbed up in June to the highest point in two years, official data showed on Saturday, following rising food prices as pork costs spiked due to tighter supplies.
In June, the consumer price index , a key gauge of retail inflation, rose 2.5 percent on-year in line with analyst expectations but stayed flat from May due to a price drop in most foods except pork. In a sign of officials' concern, authorities said this week they were considering tapping into the country's pork reserves in a bid to rein in the cost of the meat after prices soared by almost a third on-year in late June.
Pork prices have been hit hard in recent years after the country's herds were ravaged by African swine fever, causing consumer inflation to spike.
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