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Chinese Pork Prices Hold Steady

by 5m Editor
11 August 2008, at 11:41am

BEIJING - Retail pork prices across China remained flat week ending August 7 with beef and egg prices rising slightly. Chicken and mutton prices fell.

In their regular report the National Development and Reform Commission (NDRC) said the retail price of pork averaged 14.33 5 per 500 grams for the period.

Food costs, which make up a third of the consumer price index and have fuelled inflation, climbed 17.3 per cent from a year earlier in June, compared with 19.9 per cent in the year to May.

The National Bureau of Statistics is due to publish the July consumer price index tomorrow with economists expecting the year to June index to drop from 7.1 percent to 6.5 percent.

The NDRC, China's economic planning agency, surveys retail prices in 36 major cities across China.

5m Editor