19 April 2019

Farm produce prices inch up in week to Dec 8, Xinhua says

Farm produce prices in 36 major Chinese cities rose slightly in the week to Dec. 8 compared with the previous week, Xinhua news agency reported Tuesday, citing a statement from the Ministry of Commerce. The wholesale price of pork went up 0.3 percent, while the cost of beef and mutton rose 0.5 percent and 0.2 percent, respectively. The average wholesale price of aquatic products gained 0.6 percent, and rice up 0.2 percent and peanut oil 0.1 percent. The average wholesale price of 18 kinds of vegetables dipped 2.3 percent from a week earlier and that of eggs was down 0.2 percent, the report said. Food accounts for about one third of China’s consumer price index (CPI), a main gauge of inflation. The CPI grew 3 percent year on year in November, down from a 3.2 percent growth in the previous month, the National Bureau of Statistics said on Monday.

– Contact HKEJ [email protected]




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