Latest News:  

English>>Business

Pork prices fall, forcing down inflation rate

By ZHOU SIYU  (China Daily)

10:14, April 11, 2013

Customers look at pork and other meat at a supermarket in Handan, Hebei province. Pork prices in 36 cities fell for six consecutive weeks up to April 1, and the government is increasing pork reserves to shore up the pig industry. HAO QUNYING / FOR CHINA DAILY

China's pork prices, which weigh heavily in inflation calculations, registered a sharp decline in March, putting downward pressure on the country's inflation while leading to widespread industry losses.

Pork prices started to decline in January. They have slumped 27 percent from this year's high and fallen 15 percent compared with the same period last year, industry data show.

By April 1, pork prices in 36 cities had been declining for six straight weeks, according to the Ministry of Commerce.

The drop in pork prices, a major component in the country's inflation calculations, put a dent in inflation rate this month, the National Bureau of Statistics said.

The consumer price index, a main gauge of inflation, accelerated 2.1 percent in March from a year earlier, dropping from 3.2 percent in February, the bureau said on Tuesday.

The figure was below economists' forecast of around 2.5 percent, and they said this will give the government more leeway to stimulate the economy.

"We are expecting moderate inflation and more flexible monetary policies in the second quarter," said Guan Qingyou, assistant dean of the Minsheng Securities Research Institute.


【1】 【2】



We Recommend:

Photo Story: Bittersweet life of auto model

Top 10 richest people in Beijing 2013

34th Bangkok Int'l Motor Show to kick off

Beijing’s second-oldest McDonald outlet closed

Top 10 world's youngest billionaires 2013

China's solar giant declares bankruptcy

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Warship in drill with helicopter

  2. French frigate open to visitors in Hong Kong

  3. People gather for immigration reform

  4. Handicraft fans annual value tops 100 million yuan

  5. China reports total of 28 H7N9 cases

  6. Firefighters working to extinguish forest fire

  7. Peking Opera renaissance

  8. An old town on the tea-horse road--Du Kezong

  9. Stunning models at Bangkok Auto Show

  10. China's inflation drops from 10-month high

Most Popular

Opinions

  1. New media trend for Chinese language study in US
  2. Follow-up work needed for yuan's going global
  3. Boao Forum for Asia makes China, world closer
  4. Devoted to a life defending nation
  5. Errors in urbanization must be avoided
  6. What kind of public diplomacy does China need?
  7. Today's youths will prove their mettle
  8. Chinese spend less on hotels, still flash the cash
  9. Soros upbeat on China's economic transformation
  10. Chinese innovations to benefit the world: Bill Gates

What’s happening in China

Incredible inventions by Chinese

  1. Kuomintang veterans given military honors
  2. New Beijing airport targets 2018 opening
  3. Authorities deny delay in H7N9 reports
  4. Flight to Beijing delayed after bomb hoax
  5. Pudong bank robber on the run