Group 1 - The article discusses the concept of the "pig cycle" in relation to China's inflation, indicating that the Consumer Price Index (CPI) reflects the fluctuations in pork prices, which serve as both a barometer and a locator for inflation trends [5][6]. - In the period from January to September 2025, China's CPI remained in negative territory except for January and June-July, with pork prices also experiencing a downward trend during the same period [6]. - In September 2025, pork prices fell by 17.0%, contributing to a decrease in CPI by approximately 0.26%, highlighting that pork's weight in the CPI basket is only 1.53%, which is significantly lower than market expectations [6]. Group 2 - The article emphasizes that despite pork's minor share in the CPI, it has become a benchmark commodity for inflation in China due to its broad necessity and high elasticity characteristics [6].
FT中文网精选：猪肉何以成为中国通胀标杆
日经中文网·2025-11-03 03:01