Meat and egg prices fall or pull down CPI

Eggs and pork described as "rocket eggs" and "ups and downs" due to skyrocketing prices have fallen in the last two weeks.

According to the statistics released by the Ministry of Commerce and the National Bureau of Statistics on the 24th, the price of eggs and pork prices, which have a significant impact on household consumption, ushered in the first decline after a continuous rise. Different from the previous year's rising cycle, although this year's National Day is approaching, the industry is not optimistic about the holiday effect on the pull of meat and egg consumption demand, agricultural prices under multiple pressures may further decline.

Many experts believe that the current downward pressure on the economy is relatively large. If agricultural product prices fall back or the growth rate slows down, the increase in CPI in the coming months is likely to show a downward trend.

Turning

The skyrocketing meat and eggs have recently dropped

The Ministry of Commerce and the National Bureau of Statistics released the market price of edible agricultural products in 36 large and medium-sized cities in the country last week and the average price changes of major foods in 50 cities from September 11 to 20 last week. The data show that last week, the price of meat fell to varying degrees, including pork, beef, and mutton prices fell by 0.5%, 0.5%, and 0.6%, respectively; egg prices fluctuate slightly, with the price of white broilers rising by 0.4% and the price of eggs dropping by 0.1%. . From September 11 to 20, the price of pork rear hip tip was RMB 25.49 per kilogram, down 0.2% month-on-month, pork pork belly price was down by 1 penny from the previous period, and egg price was RMB 12.66 per kilogram, down by 1% month-on-month.

According to the data provided by Zhuo Chuang Information, the average price of pork was 20.15 yuan/kg last week, down 0.17% from last week and down 9.11% year-on-year; the average daily price of brown-shelled eggs in the main producing areas last week showed a slight decrease. At the beginning of the week, the average daily price was 10.1 yuan/kg, and the week's decline was 0.2%; the average weekly price was 10.08 yuan/kg, a drop of 1.75% from the previous week. The weekly price drop was the largest in East China, with an average daily price drop of 0.60%, especially in Shandong Province. The province with the lowest price in the main producing areas.

This is also the first decline in egg prices and pork prices, which have had a major impact on consumer spending in the near future.

“These days are a little cheaper.” A vegetable marketer at Nanjing Kexiang’s vegetable farm told reporters that the price of eggs dropped from 6.5 yuan/kg to 6.2 yuan/kg a week ago, but compared with the same period last year, it still needs More than 1 yuan more expensive. "I sold eggs for 20 years and never sold such a high price."

In August, both the year-on-year and ring-to-month ratios, “Rocket Rock” was one of the most prominent factors affecting China’s price changes: On a year-on-year basis, egg prices rose by 18.7%, affecting a total consumer price increase of approximately 0.16%. Egg prices rose 6.3%. The average daily price of brown shell eggs in the 32 key production areas of Zhuochuang Information Monitoring in August also showed an upward trend. The average daily price was 4.92 yuan/kg at the beginning of the month, and it was 5.50 yuan/kg on August 25th.

The data provided by Zhuo Chuang Information showed that the domestic hog price fluctuates in August. The average ternary slaughter price in the country was 15.06 yuan/kg, up 9.93% month-on-month, and the highest price was 15.3 yuan/kg on the 25th. The hog market was presented. Steadily rising trend, self-cultivation and self-sustaining profit value of 176.77 yuan / head, the ring rose more obvious, reaching 549.57%, the aquaculture industry has been out of the loss, is gradually recovering strength.

It is understood that the "porcine cycle" once in the past three years is showing new features of shortened cycle, reduced amplitude, and increased frequency. In the past two years, the prices of live pigs have fallen rapidly before and after the Spring Festival. From the middle of the year, they have entered the rising channel until the end of the year. When the time has shrunk to one year, they complete a cycle. The obvious performance is that the off-season is not faded and the busy season is not prosperous. As a result, hog prices have continued to rise during the past two and a half months. As in previous years, slaughter and processing companies have stepped up pork purchases, which is likely to inject further impetus to the hog market. .