China's weekly farm produce prices slightly retreat

0 Comment(s)Print E-mail Xinhua, July 31, 2019
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Prices of farm produce in China slightly retreated last week, according to data from the Ministry of Commerce (MOC).

From July 22 to 28, the overall price of farm produce edged down 0.3% on a weekly basis, following a 0.1% increase in the previous week.

In breakdown, the average wholesale price of 30 types of vegetables went down 3.1%.

The wholesale price of pork and beef edged up 1.9% and 1.3%, respectively, while that of mutton 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 rose 2.2% in the first half of the year as tighter supplies of pork and fruit drove up food prices.

MOC data also showed that producer prices dropped 0.2% last week.

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