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Since the beginning of this century, my country's pork market price "cold and fever" has continued to occur.
Following three rounds of sharp fluctuations in 2004, 2008, and 2011, pork prices have soared again recently, with a four-month increase of nearly 30%, setting a three-year high.
According to historical experience, the pork price has a strong correlation with the Consumer Price Index (CPI).
If the rapid increase in the price of pigs leads to an unexpected rebound in animal prices, the monetary policy may even be forced to shift.
Institutional analysis believes that higher pig prices may restrict the monetary policy space in the second half of the year.
The frequency of interest rate cuts and RRR cuts is likely to be lower than that of the first half of the year.
However, at least from the perspective of the year, the monetary policy will remain tight and moderate.
The soaring pig price reappears "cold and heat disease" The rising trend of pig prices is still continuing.
According to the latest data from the Department of Market and Economic Information of the Ministry of Agriculture, the current average price of pork in the national agricultural product wholesale market is about 22 yuan/kg to 23 yuan/kg, which is an increase of nearly 30% compared to the 18 yuan level at the beginning of March, which is a three-year high.
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In fact, this is the fourth consecutive month that pork prices have risen.
After falling by 1.