Pork prices rose two consecutive declines
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Tang Jianwei, a senior macro analyst at the Financial Research Center of the Bank of Communications, said: “The continuous fall in the price of pork in July indicated that the price of pork has gradually stabilized, but prices have not yet declined in real terms. Since the pork price cycle was last June, see As a result, the base figure is smaller, and from the same period of last year, the increase in pork prices is still relatively high. Affected by this, the CPI data in July is unlikely to be significantly adjusted. It is expected that this month will still be operating at a high level, with the year-on-year increase at around 6%. â€
In addition, the weekly prices of agricultural products announced by the Ministry of Commerce also show that since July, the wholesale price of fresh pork has declined for three consecutive weeks.