Pig prices fell for the first time year-on-year in China, and CPI growth fell. What signals did the October price data release?

The National Bureau of Statistics released data on the 10th. In October, the national consumer price index (CPI) rose by 0.5% year-on-year, 1.2 percentage points lower than the previous month. Among them, the price of pork fell for the first time after 19 consecutive months, and fell year-on-year. 2.8%. According to Dong Lijuan, a senior statistician at the City Department of the National Bureau of Statistics, the year-on-year increase in CPI has dropped significantly, mainly due to the high comparison base in the same period last year, the reduction in tail-lifting factors and the impact of pork prices. Food prices, especially pork Price is the main factor driving the year-on-year decline in CPI growth. In October, food prices rose by 2.2% year-on-year, which was 5.7 percentage points lower than the previous month. Among food products, pork prices fell for the first time year-on-year, and fresh vegetables, beef and lamb prices increased year-on-year The price of eggs, chicken and ...