June 24, 2008
Pork prices in China dip slightly in latest week
China's pork prices fell by 0.23 percent in the week ending June 20 at an average RMB14.53 (US$2.12) per 500 grammes, the National Development and Reform Commission (NDRC) said Monday (June 23).
Prices of chicken, egg and mutton also fell slightly. Yet the price of beef inched up, the NDRC said.
In May, China's consumer inflation rate slowed to 7.7 percent from 8.5 percent in April.
Food costs, which make up one-third of the consumer price index and have fuelled inflation, climbed 19.9 percent in May against 22.1 percent in April.
Following are details of the price changes:
|
|
Price (RMB/500g) |
Percentage Change | ||||
|
|
June 20 |
Jun 13 |
May 13 |
June 20 |
Jun 13 |
May 30 |
|
Pork |
14.53 |
14.56 |
14.3 |
-0.23 |
-0.1 |
-0.35 |
|
Beef |
17.71 |
17.68 |
16.89 |
0.15 |
0.1 |
0.24 |
|
Mutton |
17.9 |
17.92 |
17.15 |
-0.14 |
0.72 |
-0.06 |
|
Chicken |
8.18 |
8.2 |
7.81 |
-0.16 |
0.53 |
-0.64 |
|
Eggs |
3.73 |
3.75 |
3.74 |
-0.41 |
-0.12 |
1.63 |
The NDRC, China's economic planning agency, surveys retail prices in 36 major cities.
US$1 = RMB6.88 as of June 24, 2008
