CHINA China's weekly farm produce prices continue to rise

CHINA

China's weekly farm produce prices continue to rise

Xinhua

19:51, August 21, 2019

BEIJING, Aug. 21 (Xinhua) -- Prices of farm produce in China continued to increase last week, according to data from the Ministry of Commerce.

From Aug. 12 to 18, the overall price of farm produce climbed 2.7 percent on a weekly basis, expanding from the 1.8-percent increase in the previous week.

In breakdown, the average wholesale price of 30 types of vegetables increased 3.4 percent week on week, with the pace of growth accelerating from 2.7 percent a week earlier.

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File photo: VCG

The wholesale prices of pork and beef increased 8.5 percent and 1.3 percent, respectively, and that of mutton edged up 0.8 percent.

Egg prices went up 3.3 percent from the previous week while that of flour remained flat during the period.

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

Official data showed China's CPI rose 2.8 percent year on year in July, driven by higher fruit and pork prices. 

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