Wholesale prices of 18 kinds of vegetables in China fall 5.1% week-over-week for week ending April 20, according to government statistics; pork prices down 0.3%, aquatic product prices down 0.4%, chicken prices down 0.1%, egg prices rise 0.4%
April 22, 2014
(Xinhua News Agency)
– Farm produce prices in 36 major Chinese cities continued to drop in the week ending April 20 compared with the previous week, which marked the price decline for a ninth straight week, according to a statement released by the Ministry of Commerce Tuesday.
Wholesale prices of 18 kinds of vegetables shed 5.1 percent from the previous week on increasing supply while prices of pork, a staple meat in the country, dipped 0.3 percent.
Meanwhile, prices of aquatic products edged down 0.4 percent. Chicken prices inched down 0.1 percent while egg prices rose 0.4 percent from a week earlier.
Food accounts for about one third of China's consumer price index (CPI), a main gauge of inflation. The country's CPI increased 2.4 percent year on year in March, up from 2 percent in the previous month. (Edited by Liu Xiaoyun, email@example.com)
(c) 2014 Xinhua News Agency