China's weekly farm produce prices continue to decline
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E-mail Xinhua, May 26, 2020
BEIJING, May 26 (Xinhua) -- Prices of farm produce in China continued to decline last week, data from the Ministry of Commerce showed on Tuesday.
From May 18 to 24, the overall price of farm produce fell by 1.1 percent on a weekly basis.
In breakdown, the average wholesale price of 30 types of vegetables declined by 1.4 percent from a week earlier, while that of pork dropped by 1.7 percent.
The average wholesale price of beef was down by 0.2 percent while that of mutton remained flat, the data showed.
Poultry products also saw a decline, with the wholesale price of eggs down by 1.7 percent week-on-week.
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 by 3.3 percent year-on-year in April. Enditem
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