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China’s Inflation Rises at Fastest Pace in Two Years
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SINGAPORE—Consumer prices in China rose in September at their fastest annual pace in more than two years, though inflation in the world’s second-largest economy remains mild compared with rates seen in Europe and the U.S.
Annual inflation hit 2.8% in September, China’s National Bureau of Statistics said Friday, driven by a sharp rise in prices of food, especially pork. That compared with a 2.5% annual rise in consumer prices in August, and marked the fastest rate of inflation since April 2020.
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