Macroeconomics China’s Monthly Food Inflation Highest in Eight Years The sharp rise in live hog prices along with increases in the costs of poultry and seafood, pushed up food inflation in September to its highest level since October 2011.  Back in 2011, China was going through a major boom as its economy shot upward following the global recession of 2008-2009 as GDP was growing at rate north of 10 percent. The forecast for the current third quarter ranges from 5.9 to 6.1 percent.  Overall, China’s annual inflation has been relatively modest at 3 percent. With September’s food costs rising by 11.2 percent compared with September 2018, the average consumer in China is really being squeezed on rising food costs...