CHINA China's farm produce prices slightly recover last week

CHINA

China's farm produce prices slightly recover last week

Xinhua

17:43, July 18, 2018

China's farm produce prices slightly recovered in the week ending July 15, reversing the downward trend for five consecutive weeks, according to data from the Ministry of Commerce.

The price index for farm produce edged up 0.8 percent in the past week, while the index for production materials rose 0.2 percent.

The average wholesale price of 30 kinds of vegetable went up 2.5 percent, compared with a 0.3-percent gain the week earlier.

The wholesale price of pork, the country's staple meat, rose 3 percent from the previous week. The price of beef and lamb both went up 0.3 percent. The wholesale price of eggs fell 0.2 percent.

Food accounts for about one-third of China's consumer price index.

China's consumer price index, a main gauge of inflation, rose 1.9 percent year on year in June, compared with 1.8 percent for May, data from the National Bureau of Statistics showed.

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue