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China’s consumer inflation hit 8-year high driven by pork, factory-gate deflation deepens

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China’s consumer inflation hit the highest in seven years boosted by pork prices which nearly doubled year-on-year in October, while factory-gate deflation deepened the most in over three years, complicating policy makers’ decision on whether to further ease funding to boost the country’s weakening economy.

The consumer price index (CPI) rose 3.8 per cent year-on-year last month, said the National Bureau of Statistics, the fastest pace since January 2012 . . .

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