Weekly pork prices rise, veggies drop

China | 11 Jun 2019 4:41 pm

Prices of farm produce in China continued to drop last week, data from the Ministry of Commerce showed today, Xinhua reports.

From June 3 to 9, the overall price of farm produce edged down by 0.1 percent on a weekly basis, following a 0.2-percent decrease in the previous week.

In breakdown, the average wholesale price of 30 types of vegetables went down by 2.1 percent.

The wholesale price of pork went up by 2.9 percent while beef remained unchanged.

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

The latest official data showed China's CPI quickened to a six-month high in April as tighter supplies of vegetables, pork and fruit drove up food prices.


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