High inflation in October was caused by the soaring price of pork which climbed 7.85 per cent in the month after African swine fever decimated pork supplies. — Photo vtv.vn HÀ NỘI – Việt Nam’s consumer price index (CPI) in October increased by 0.59 per cent against September – the highest rate in the last three years, driven by soaring pork and fuel prices, data from the General Statistics Office (GSO) showed on Tuesday. CPI in the last 10 months rose 2.79 per cent. According to Đỗ Thị Ngọc, director of the GSO’s Price Statistics Department, high inflation rate in October was caused by the soaring price of pork, which climbed 7.85 per cent in the month after African swine fever decimated pork supplies. Pork was the main ingredient in Vietnamese meals and rising pork prices contributed 0.33 per cent to October’s CPI increase, Ngọc said. African swine fever had killed nearly 5.7 million pigs weighing 327,000 tonnes as of October 22. Việt Nam’s national pig herd has fallen 20 per cent compared to the same period last year. The deadly swine disease was expected to continue depressing pork supplies towards the end of this year when many big festivals take place, including the New… Read full this story
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