CPI rises in pace slows pork prices down

Recently, the Guangdong Provincial Price Bureau organized a price situation analysis meeting. Experts pointed out that with the gradual emergence of government regulation effects, and pork, egg and other food prices stabilized, the consumer price inflation in Guangdong Province has eased, the future CPI gains are expected to further decline.

According to data from the Guangdong Provincial Survey Corps of the National Bureau of Statistics, in October, the province’s CPI fell for two consecutive months. According to the Provincial Price Monitoring Center, on November 16th, the factory price of live pigs in our province fell for the 10th consecutive week, from a high of 10 yuan per catty in early September to 8.28 yuan, a decrease of 17.2%. The price of eggs that has been high has continued to fall after the “Eleventh” Festival, falling from the highest 5.96 yuan per catty to 5.81 yuan. At the same time, prices of edible vegetable oils and sugars, which are closely related to residents’ lives, also fell slightly. Overall, the drop in food prices was an important reason for the fall in the overall increase in CPI in October.

Experts believe that from the current situation, there are cumulative favorable factors for the downward movement of prices in the future, and since the beginning of October, the influence of the tail-flipping factors has been basically eliminated. It is expected that inflation pressure will be eased in the next two months, and CPI will remain high overall. However, the increase will fall further.

October month (compared with the previous month)

CPI decreased by 0.6%

Food category decreased by 1.2%

First decline in pork data November 16 Decline in eggs 1.0%

Edible vegetable oil decreased by 0.1%

Sugar dropped 0.8%

Fresh vegetables rose 3.1%