The pork price index began to retreat with multiple measures to stabilize hog production in early November. They include increasing subsidies to restore production, releasing frozen pork reserves and expanding imports.
Prices of pork, a staple meat in China, had been soaring in previous months, mainly affected by the African swine fever and cyclical factors.
The consumer price index (CPI), a main gauge of inflation, rose 4.5 percent year on year in November, mainly driven by soaring pork prices. Pork prices rose 101.3 percent year on year in October, contributing nearly two thirds of the CPI growth that month.