BUSINESS China's weekly farm-produce prices edge down

BUSINESS

China's weekly farm-produce prices edge down

Xinhua

16:22, June 23, 2021

Citizen selects vegetables at a supermarket in Changchun city, Northeast China's Jilin province, July 8, 2020. (Photo: Xinhua)

BEIJING - China's farm-produce prices fell last week, according to the Ministry of Commerce.

From June 14 to June 20, the overall price of farm produce decreased 1.8 percent on a weekly basis.

The wholesale price of pork lost 6.3 percent week on week to 21.03 yuan ($3.25) per kg. The wholesale price of mutton edged down 1 percent, and that of beef dropped 0.4 percent.

The wholesale price of eggs lost 0.6 percent on a weekly basis, and that of chicken fell 0.7 percent week on week.

The average wholesale prices of 30 types of vegetables went down 2.8 percent from a week earlier.

Food accounts for approximately one-third of China's consumer price index (CPI), a main gauge of inflation.

The CPI rose 1.3 percent year-on-year in May, up from the 0.9-percent growth rate in April, according to data from the National Bureau of Statistics.

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