BEIJING, Aug. 15 (Xinhua) -- The average meat price in China fell for the
first time in two months last week, falling 1.2 percent from the previous week
thanks to the government's and producers' efforts to increase supply, the
Ministry of Commerce announced on Wednesday.
The price of pork, which has soared relentlessly for months as a result of
short supply and mounting production costs, was down 1.5 percent from the
previous week.
In some areas, the wholesale price of live pigs went down, the ministry
said.
However, the price of grain, edible oil, chickens, eggs, aquatic products
and vegetables all rose.
Of the 40 major edible farm products monitored by the ministry, the price
of 26 items, or 65 percent, rose, while 11 items, or 27.5 percent, recorded
price drops.
In July, China's consumer price index, or CPI, rose by a 33-month-high of 5.6 percent on the back of food price hikes. The key inflation indicator was well above the government-set target of three percent.