Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.
Tariffs helping to cause inflation...
HoustonHusky
Member Posts: 5,978
in Tug Tavern
https://www.zerohedge.com/news/2019-08-29/ive-never-seen-anything-china-reels-pork-prices-explode-record-levels
The 27% surge in pork prices - a core component of the Chinese CPI basket - lifted the headline inflation index by 0.59%. It could not have come at a worse time: due to the trade war between the US and China, Beijing's tariffs on U.S. pork have increased prices of American meat.
Traditionally, Chinese people typically eat far more pork than other meat; in fact China is the single biggest consumer of pork in the world. However, a customer at a wholesale market in Beijing told the WSJ her family was now eating more chicken than pork. Indeed, as pork prices rise to levels that are prohibitively high for many, consumers are changing their buying habits, pushing up prices for other meat. Chicken breast is about 20% more expensive than a year ago, while duck breast has nearly tripled in price to 14,600 yuan (US$2,125) a tonne, making duck farmers into overnight millionaires.
Comments
Buy buy buy