Meat prices add to China’s inflation, policy risks

Diners looking for some beef hotpot on a chilly evening in Beijing pay more per pound than their counterparts in Boston, a discrepancy that shows the challenges China faces in reviving growth as inflation pressures make an untimely return.

China’s consumer price index rose 3.2 per cent in February from a year earlier, a 10-month high, official data released on Saturday showed. The pick up in inflation from just 2 per cent in January was driven by a 6 per cent increase in food costs.

via Business feed http://www.scmp.com/business/economy/article/1188172/meat-prices-add-chinas-inflation-policy-risks