Agricultural Prices Rising For Eight Weeks In August Cpi Or The Record High For The Year

Ministry of Commerce announced yesterdayDataShows that consumption ofProduceEight

weeks of continuous price rise , prices continue to steadily rise in meat and eggs , some vegetable varieties rose significantly. Experts believe thatProduceHigher prices will undoubtedly lead to further high CPI , CPI increase in August may exceed 3.3% , to reach the high point of the year ; but in the second half is expected to gradually ease inflation pressures .

Qi Cheng prices of edible agricultural products

According to the Ministry of Commerce to monitor , last week ( August 16 to 22 ) in 36 cities nationwide to monitor the consumption of key agricultural market prices over the previous week (the same ) rose 0.6% , capital goods prices rose 0.2%. Of the 57 main types of edible agricultural products, prices rising week chain of 39 species, accounting for 68.4%.

The most eye-catching performance in vegetable prices . The average wholesale price of 18 kinds of vegetables, up 2.9%. Among them, beans, lettuce , rape, cucumber price increases are relatively large, up 11.9% , 9.8 %, 7.3 % and 6.7%. "Because of seasonal factors and the result of previous natural disasters , a number of vegetable varieties prices in August rose into the channel . " Orient Iger high agricultural advisory analyst Wang told reporters on the Nanfang Daily , the next into the fall and winter seasons , the number of vegetables listed Will be reduced, prices are expected to continue to be supported .

It is noteworthy that egg prices continue to rise slightly . Data show that the price of eggs rose 1.4% , egg prices since mid- July rose 7.3% cumulative ; pork prices rose 0.4% , or reduce the previous week by 1.1 percentage points . Monitoring data previously released by the Commerce Department showed that as at August 15 , the National Pork price rise for 10 weeks , which , in July the wholesale price of fresh pork rose by 4%.

Network , according to the latest data found pigs , pigs profit ( reproduction of self-support ) for 4 weeks to maintain the average level of 200 yuan / head over to the pig grain price ratio 6:1 for 5 weeks or more to maintain . " slaughter hog prices have been stable for 4 weeks , rose 4.54% ; while pork prices rose only slow down the pace , remained higher . " TheReportSaid .

FENG Yong-hui , chief analyst search Pig net that recent domestic and more heavy rain , landslides and other natural disasters, the affected area to increase agricultural production not only on a certain pressure , they may be driving demand for agricultural products . Also, the present situation is still not optimistic swine , pork price may push meat prices remain high .

August CPI or a record high during the year

Food prices account for about 30% of the CPI weights , the former price volatility will undoubtedly affect the movement of the latter .CITIC SecuritiesLatest report that this round of price increases has obvious structural features , primarily due to early changes in supply and demand , extreme weather and natural disasters as well as a small number of agricultural price speculation in the formation of specific species characteristics and trends of rising prices , rather than industrial production Brought up the impact of strong demand , the government passed a regulation clearly expected to begin to address this issue .

First VentureMacroHaving a good understanding analysts said , from the published data, vegetable prices rose 6 percent , pork prices rose 5 percent , egg prices rose 4% , these three categories the proportion of total food prices 10% , this can be introduced Chain increased by 0.5% , while last year the chain also rose 0.5% , therefore, August CPI and 3.3% in July little difference . "If food prices in late August still continue to rise , CPI or the existence of the possibility of a new high . "

"We expect the August CPI up 3.6 % " ,Guotai JunanMacroStudyWang Hu told the Nanfang Daily Press staff , judging from the calendar year , in July CPI is usually lower than the previous , and this year were rising , this brings a cumulative effect ; the same time , domestic natural disasters such as flood occurs , on agricultural production Influence on the rise in agricultural prices . These will make in August CPI to remain high , " likely to be the year's high point. "

Bank of CommunicationsChief economist , said even level , CPI could break 3.3% in August , a high point during the year , and then the drop-down factors as the price increase , inflation will gradually ease in the second half . He also reminded to guard against long-term structural price increases of the four pressure , first, the impact of food prices on the CPI ; second, low labor costs, labor force , especially to promote the services, prices rise ; Third, international resources, product import prices on CPI Conduction ; Fourth, continued accommodative monetary environment brought about inflation pressures .

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