CPI is limited by the current increase in vegetable prices and pork prices in China

Published 2021년 10월 26일

Tridge summary

Recent reports have highlighted significant increases in the prices of vegetables and pork in China, with live pigs becoming 21.9% more expensive in October than the previous month, and vegetable prices experiencing notable hikes. These changes are expected to impact the country's Consumer Price Index (CPI), although the extent and sustainability of the effects vary. The surge in produce prices is primarily due to adverse weather conditions, including typhoons and rapid cooling, causing vegetable losses and supply imbalances. Pork price increases are largely due to state purchases and breeders' reluctance to sell at the increased rates, despite concerns about a potential spot price correction. Overall, while food prices have helped keep the CPI low this year, the trends may change as production capacities decrease and supply issues persist, potentially leading to a CPI rise in the future.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Many residents felt that the price of vegetables has risen significantly recently. On October 24, Mr. Xu, who lives near Tianhe Smart City, went to the market to buy vegetables. He said with emotion that the vegetables are more expensive than the day before yesterday. Lettuce is 5 yuan per catty. Choi Sum is 6 yuan a catty, "and the coriander has been sold for 30 yuan a catty, and a single one will cost one yuan." At the same time, pork prices have also risen. On October 25, the official website of the National Bureau of Statistics released the market price changes of important production materials in the circulation field in mid-October 2021, showing that the price of live pigs in mid-October increased by 21.9% from the previous month (early October). So, how will the recent increase in the prices of vegetables and pork affect the CPI trend? According to industry insiders, the recent increase in vegetable prices and pork prices is expected to significantly narrow the decline in ...

Source: FoodChina