Pork prices sizzle down, fuelling October’s inflation cool-off

[webfact]

A decline in pork prices significantly contributed to a reduction in the inflation rate in October, an anonymous figure within the Finance Ministry has revealed. The inflation experienced a year-on-year decrease of 0.31% in October, largely due to a 0.2% drop in energy prices, attributed to lower oil costs and employed subsidies to keep energy prices in check.

 

Moreover, food prices saw a decrease of 0.5% in October, with pork prices being a significant contributor. Despite a 0.2% price increase in ready-to-eat meals, there was a general decline in inflation during October.

 

This development comes as a relief to the ministry, as it alleviates some of the economic burden caused by the recent surge in global crude oil prices. A lower inflation rate is generally beneficial for the economy.

With regards to economic stability, public debt at the end of September accounted for 62.1% of GDP, comfortably below the 70% ceiling outlined in the fiscal discipline framework.

 

by Alex Morgan

 

Full story: The Thaiger 2023-12-04

 

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[jvs]

Oh yes the pork prices,i posted elsewhere (last week) that soon the pork prices would come down.

The reason?

I am not going to answer that,lets just say there was a incident that happened but not even the news is digging deeper.

 

[loong]

1 hour ago, jvs said:

Oh yes the pork prices,i posted elsewhere (last week) that soon the pork prices would come down.

The reason?

I am not going to answer that,lets just say there was a incident that happened but not even the news is digging deeper.

 

The article is about pork prices dropping in October, i.e. over a month ago. So, whatever you posted last week cannot have affected the price in October!

[jvs]

37 minutes ago, loong said:

The article is about pork prices dropping in October, i.e. over a month ago. So, whatever you posted last week cannot have affected the price in October!

You are right but i do think it is connected.

We never buy meat in big shops any way,i rather buy fresh meat at the local market.

[Peterphuket]

And precisely because of the non-hygienic conditions at the market, I buy it from chain stores, it's just what you care about.

[hotchilli]

I buy mine direct from  a family fun slaughter house near me... buy a half or quarter carcass for a great price.

Watch the l  pigs come in one door, go through the process and in the boot of my car half an hour later.

[Scouse123]

14 hours ago, jvs said:

Oh yes the pork prices,i posted elsewhere (last week) that soon the pork prices would come down.

The reason?

I am not going to answer that,lets just say there was a incident that happened but not even the news is digging deeper.

 

 

So what was the point of your post except to give further indecipherable cryptic nonsense?

[Scouse123]

12 hours ago, jvs said:

You are right but i do think it is connected.

We never buy meat in big shops any way,i rather buy fresh meat at the local market.

 

With a good helping of free flies and bugs, in unrefrigerated conditions, no doubt