The Best of Chinese Commentators
Pig price pressures
- Published 19 May 2011
A fall in pig breeding stock is pushing up pork prices, putting unwanted pressure on inflation.
China has experienced a sharp increase in pork prices caused by a fall in pig breeding stock. The retail price of pork was up 28% YoY this week to Rmb 13.97 ($2.14, £1.33, €1.51) per half-kilo. Because pork consumption makes up around 60% of total meat consumption in China, pork has a strong weighting in the consumer price index (CPI) and therefore impacts significantly on inflation.
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