China: recent pork prices drop
Retail prices of pork in China fell 0.28% in the week
ending August 22. According to the National Development and Reform
Commission (NDRC), the prices dropped to an average of 14.23 yuan ($US2.08) per
Easing pork prices
Pork prices have been easing since
reaching a peak of 14.8 yuan in the week of February 4.
Slight price increase for meat, chicken and
Reports state that beef, chicken and egg prices rose slightly
in the latest week, while mutton prices were down.
Food costs, which make up a third of the consumer price index and have
added onto inflation, ascended 14.4% from a year earlier in July, compared with
17.3% in the year to June.
China's economic planning
agency, the NDRC, surveys retail prices in 36 major cities.
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