China News Service, September 15th. National Bureau of Statistics spokesperson Fu Linghui pointed out on the 15th that overall, as the stock of live pigs increases, pork prices will remain stable.

Although the demand has recovered in the later period, the possibility of a sharp rise is small.

Data map: Consumers are buying pork.

Photo by China News Agency reporter Zhang Yun

　　On the 15th, the State Council Information Office held a press conference on the operation of the national economy in August 2020.

A reporter asked: In August, the consumer price index CPI rose 2.4% year-on-year, of which pork prices rose 52.6%, a drop of 33.1 percentage points from the previous month.

How to further control and stabilize the rising trend of pork prices?

Regarding the safeguard measures for vegetable prices, how to ensure its relative stability?

　　In this regard, Fu Linghui said that with regard to price issues, price changes this year have been mainly affected by changes in food prices, and the most prominent is changes in pork prices.

In general, the supply of pork production capacity has steadily increased. In the first eight months, investment in fixed assets in the animal husbandry industry has increased by about 70%, and related large-scale breeding is also steadily increasing.

In August, the price of pork rose slightly from a month-on-month basis, but fell more year-on-year.

　　Fu Linghui pointed out that, on the whole, in the state of recovery of production capacity, due to the restoration of economic and social production and residents' living order, market demand is increasing, and the price of pork is objectively rising month-on-month.

However, since the base figure in the same period last year was relatively high, from August last year to the fourth quarter, pork prices continued to rise as a whole, which led to a significant decline in the year-on-year increase in pork prices in August.

In general, as the stock of live pigs increases, pork prices will remain stable.

Although the demand has recovered in the later period, the possibility of a sharp rise is small.

　　Regarding vegetable prices, Fu Linghui said that the changes in vegetable prices in August were mainly due to the impact of floods in some areas, which led to changes in production, storage and transportation, and vegetable prices increased year-on-year.

But in general, due to the short production cycle of vegetables, the impact on prices is not sustainable, mainly short-term.

　　Fu Linghui said that considering these circumstances, food prices have remained stable on the whole, and small changes are a high probability event.

From the perspective of the whole year, the trend of consumer prices is relatively obvious.

With the fall of CPI carry-over factors in the third and fourth quarters, in general, consumer price prices will remain basically stable.