Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's economic planner plays down pork inflation fears

April 11, 2016


Abstract : Pork prices in China will continue to run high, but will not rise remarkably this year, the country's economic planner said on Sunday.

BEIJING, April 10 (Xinhua) -- Pork prices in China will continue to run high, but will not rise remarkably this year, the country's economic planner said on Sunday.

This round of price hike resulted from low prices inprevious years, said the National Development and Reform Commission's website.

Some farmers are reluctant to raise pigs after suffering low prices for years, even if the prices have actually been picking up, it said. Prices have been rising for about a year after almost three years of falls.

Pork is China's staple meat and its priceis subject to a boom-and-bust cycle and the supply-demand relationship is expected to ease in September.

The average wholesale pork price hit 25.3 yuan (3.9U.S. dollars) per kg in the week ending on April 3, up 0.4 percent from the previous week, the highest since October 2011, according to the Ministry ofCommerce. 

The consumer price index (CPI) grew 2.3 percent in February from one year earlier, up from January's 1.8 percent. 

Food prices, which account for a third of the CPI calculation, rose 7.3 percent year on year, while non-food inflation edged up 1 percent in February. 

Pork prices jumped by 25.4 percent year on year inFebruary, contributing 0.59 percentage points of CPI growth, while vegetable prices shot up by 30.6 percent, accounting for 0.86 percentage points of CPI growth.  Enditem

Scan the QR code and push it to your mobile phone

Keyword: China-Inflation-CPI-PPI pork

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial