Egg prices hit a low level in the past ten years, and pork prices also fell at a high level.
China News Network
the National Bureau of statistics will announce the consumer price index (CPI) of April. It is widely expected that CPI will return to 1% above the CPI growth rate in April after a two month low of 1%. Reporters noted that the current egg prices hit a low level of nearly ten years, pork prices also fell at a high level. Experts believe that there will be little room for price rise in the future.
4 CPI rose or returned to the 1 era
National Bureau of statistics data show that in March CPI rose 0.9%, or 0.1 percentage points higher than last month. Reporters noted that CPI growth has been less than 1% for two consecutive months. For the upcoming April CPI, agencies generally predict that their gains may return to 1%.
according to the Ministry of agriculture, the average price decline of vegetables continued to narrow in the seventeenth week of 2017 (April 24, 2017 -30). The 28 vegetable weekly average prices were 3.58 yuan per kilogram, and the ring fell 0.8%. On the basis of narrowing 0.9 percentage points last week, it continued to narrow 1.4 percentage points and lower 11.6% compared to the same year. Pork was 21.58 yuan per kilogram, the ring fell 1.1%, and the week was 5.22 yuan per kilogram, around 4.2%, and low 27.6%.
Comcast reporter found that most of the current research institutions in April CPI forecast value above 1%. Data show that the average forecast value of CPI for April in 27 institutions is 1.1%, with a maximum forecast of 1.3% and a minimum of 0.9%.
the chief economist of the Bank of communications, said that in April, the non food price and the tail factor rose slightly, and the increase in April is expected to be around 1%-1.2%, with a median of 1.1%, a slight increase over last month.
egg prices hit a low level of nearly ten years
it is worth noting that the current egg prices hit a new low. According to the Ministry of agriculture data, in the eighteenth week of 2017 (-7 May 1, 2017), the average price of egg week was 5.18 yuan per kilogram, 0.8% lower than that of the same month, and 28% lower than that of the previous year.
the Department of Agriculture said the market reflects the current supply of eggs is still loose, and the farm will face greater sales pressure after the temperature rises, although the egg price has been at a low level in nearly ten years, but the production capacity is slow and the later egg prices still have downward pressure.
pork prices are also falling at a high level. According to the monitoring of the Ministry of agriculture, the pork weekly average price fluctuation has declined since the Spring Festival. The market reflects the recent loose supply of pork, the hot weather, the pork is in the light season, the low price of eggs also has a substitute effect on the pork consumption, and the short-term pork price will continue to fall and fall.
for the future price trend, Zhao Xijun, vice president of the finance and Finance Institute of Renmin University of China, told China new network reporter that the current monetary policy emphasizes robust neutral, production supply is abundant and market supply and demand is improved. Unless extreme weather conditions occur, there is little space for price rise.