China inflation rises as virus disrupts supply chainsThe coronavirus outbreak in China has disrupted supply chains, causing a spike in food prices. (AFP photo)BEIJING: China consumer prices rose at their highest rate in more than eight years, official data showed Monday, with inflation more than expected on the back of Lunar New Year demand and a deadly virus outbreak. Beijing had already been battling a slowing domestic economy before the new coronavirus emerged, disrupting businesses, travel and supply chains. Over the past year, a spike in pork prices due to African Swine Fever, which ravaged pig herds across the country, had also driven up CPI. Last month, pork prices rose 116% from a year ago, up from the 97% rise in December.

Source: Bangkok Post February 10, 2020 02:37 UTC