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Pork prices rise during National Day holidays, may slightly push up CPI growth
By GT staff reporters
Published: Oct 08, 2022 11:35 PM
Pork prices saw a continuous increase during China's National Day holidays from October 1 to 7, with the national average price rising nearly 2 yuan ($0.28) per kilogram, driven by consumption enthusiasm and the reduced market supply of hogs.
Experts noted that the increase in pork prices since July this year is expected to continue to slightly drive up the year-on-year growth of the country's consumer price index (CPI), but with the end of holidays, the rise in prices will slow down.
As of 2 pm on Saturday, the average price of pork in the national agricultural wholesale market reached 32.81 yuan per kilogram, up 2.5 percent from the pre-holiday period (September 30), data released by the Ministry of Agriculture and Rural Affairs showed.
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zhttps://www.globaltimes.cn/page/202210/1276708.shtml
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