Dive Summary:
- A significant drop in pork prices in China has slowed the rate of inflation in March.
- Pork is a staple of the Chinese diet and makes up a large percentage of the country's consumer price index.
- After last month's unappetizing views of thousands of dead pigs floating down the river, consumers were turned off of pork, hence the sudden drop in price.
From the article:
Pork is a staple of the Chinese diet and its price has long been such a significant component of the country’s consumer price index that it can influence overall inflation. Pork prices tumbled 5.5 percent last month in China from a year earlier, the National Bureau of Statistics said.
