Development and Reform Commission: pig prices may rise to a certain extent without overestimating the impact on CPI
News on May 17th, 2019 at 11:22
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National Development and Reform Commission: pig prices may rise to a certain extent, do not have to overestimate the impact on CPI
澎湃News reporter Han Shengjiang
On May 17, the National Development and Reform Commission held a press conference on the operation of the macro economy. Meng Min, a spokesperson for the National Development and Reform Commission, said that due to the overlapping effects of African swine fever and the pig cycle, the prices of live pigs and pork may increase to some extent later this year. But it is not necessary to overestimate the impact of pig and pork prices on CPI.
Since the beginning of this year, the retail price of pork has been stable. In early May, the retail price of pork in the supermarket market of large and medium-sized cities monitored by the National Development and Reform Commission was 12.94 yuan per kilogram, up 2.1% from the beginning of the year; up 14.6% year-on-year, mainly due to the price in the same period last year. The lowest level in a few years. Meng Hao said that the recent trend of pork prices has received widespread attention. After the Spring Festival this year, the price of live pigs has risen rapidly from a low level and has stabilized since April. On May 8, the national average pig production price was 15.16 yuan per kilogram, up 8.9% from the beginning of the year and up 45.8% year-on-year. The year-on-year increase was mainly due to the low base price of live pigs in the same period last year, which was 10.4 yuan per kilogram, the lowest level since 2011. From a longer period of time, the current hog price is about 2.1% lower than the average of the beginning of 2015.
Meng Hao said that due to the overlapping effects of African swine fever and pig cycle, the price of live pigs and pork may increase in the future. However, due to the abundant production and supply of livestock, poultry, aquatic products, poultry and eggs in China, household consumption will not be greatly affected. At the same time, it is not necessary to overestimate the impact of pig and pork prices on CPI. The National Development and Reform Commission predicts that the CPI will be relatively stable after the end of this year, and the annual increase will remain within the expected target range.
https://finance.sina.com.cn/roll/201...x9301333.shtml
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Please see:
China - African Swine Fever 2018-19
News on May 17th, 2019 at 11:22
Sina Finance APPReduces FontsEnlarged FontsCollectionWeiboWeChatShare
National Development and Reform Commission: pig prices may rise to a certain extent, do not have to overestimate the impact on CPI
澎湃News reporter Han Shengjiang
On May 17, the National Development and Reform Commission held a press conference on the operation of the macro economy. Meng Min, a spokesperson for the National Development and Reform Commission, said that due to the overlapping effects of African swine fever and the pig cycle, the prices of live pigs and pork may increase to some extent later this year. But it is not necessary to overestimate the impact of pig and pork prices on CPI.
Since the beginning of this year, the retail price of pork has been stable. In early May, the retail price of pork in the supermarket market of large and medium-sized cities monitored by the National Development and Reform Commission was 12.94 yuan per kilogram, up 2.1% from the beginning of the year; up 14.6% year-on-year, mainly due to the price in the same period last year. The lowest level in a few years. Meng Hao said that the recent trend of pork prices has received widespread attention. After the Spring Festival this year, the price of live pigs has risen rapidly from a low level and has stabilized since April. On May 8, the national average pig production price was 15.16 yuan per kilogram, up 8.9% from the beginning of the year and up 45.8% year-on-year. The year-on-year increase was mainly due to the low base price of live pigs in the same period last year, which was 10.4 yuan per kilogram, the lowest level since 2011. From a longer period of time, the current hog price is about 2.1% lower than the average of the beginning of 2015.
Meng Hao said that due to the overlapping effects of African swine fever and pig cycle, the price of live pigs and pork may increase in the future. However, due to the abundant production and supply of livestock, poultry, aquatic products, poultry and eggs in China, household consumption will not be greatly affected. At the same time, it is not necessary to overestimate the impact of pig and pork prices on CPI. The National Development and Reform Commission predicts that the CPI will be relatively stable after the end of this year, and the annual increase will remain within the expected target range.
https://finance.sina.com.cn/roll/201...x9301333.shtml
---------------------------------------------------------
Please see:
China - African Swine Fever 2018-19
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