driven by May CRB index of spot prices continue downward. Specifically

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Agricultural prices finished lower inflationary pressures continued to ease
Although domestic agricultural products wholesale prices since late April to resume its rally, but the first half of May after a short shot of the index continued to drop, now a level significantly lower than the end of April. At the same time, international commodity prices continue downward. Combined with major domestic and international product prices downward trend,Ugg Canada, inflationary pressures continued to ease, according to data released by the Ministry of Agriculture,Australia Ugg Boots, April 30, agricultural wholesale price index closed at 202.60 points, early in May continued to rise, rising to 4 May of 203.80 points But after they sustained shock downstream. As of May 14, the index closed at 199.80 points, compared with the levels were significantly decreased by the end of April. In addition, 22 provinces and cities in hog prices in May has continued since the beginning of the down trend, as of May 14 to close at 14.16 yuan / kg,ugg boots, compared with last year's 17.25 yuan / kg decreased significantly from the third quarter of 2011 20 yuan / kg of high is lopsided. In fact, the downward trend in the price of pork is no longer on the establishment of inflationary pressures, and with the weather and holiday factors disappear, 3,4 month pushed inflation to stabilize vegetable prices also recently dropped. In this context, agricultural wholesale price index was down international commodity prices in the international oil prices continued to fall,ugg boots outlet, driven by May CRB index of spot prices continue downward. Specifically, CRB spot index 1 May of 491.41 points down to 14 May of 479.72 points; same reference period, CRB Futures Index fell 558.05 points to 524.61 points; CRB spot and futures index was 30 April Day 491.42 points and 558.15 points respectively, down 2.38% and 8.56% Analysts pointed out that April CPI rose 3.4%, down marginally but basically in line with market expectations; based agricultural wholesale price index and CPI growth rate between strong positive correlation,Ugg Australia Outlet, if the first half of May agricultural wholesale price index down trend can be continued in the second half, then the May inflation is expected to significantly down. RRR central bank announced on Saturday, on the one hand due to the April economic data generally worse than expected, on the other hand that the inflation rate for the policy of releasing a certain amount of space. It is worth mentioning that the recent market restricted by the economic fundamentals continue to weaken, the voice on the interest rate cut has been heating up. Given May 1.74% of the CPI hikes still high, only the new price factors come down significantly, CPI growth rate is possible decreased significantly relax monetary policy is possible to increase the intensity. Therefore, the second half of the price level and the external inflationary pressures could continue down the more crucial.
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