Pork prices rise at a slower pace

Flash

Much like property, pork prices are still on the rise - but gaining at a slower pace. Figures from the Ministry of Commerce show prices edged up by 0.2 percent last week compared to a 2.3 percent increase two weeks ago.

As we've been reporting, pork prices have a heavy weighting in China's CPI, contributing to persistently high inflation. It surged 57 percent in June from a year earlier, contributing 1.4 percentage points to annual inflation last month - which clocked in a 6.4 percent.

Premier Wen Jiabao has since pledged to boost the supply of live hogs to contain further rises in pork prices.


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