Slower drop in produce prices
Source: Xinhua |
May 11, 2011, Wednesday
|
Print Edition
Print Edition
THE prices of China's farm produce continued to fall in the week ended last Sunday, but at a slower rate than that of the week earlier, the Ministry of Commerce said yesterday.
The average wholesale prices of 18 types of vegetables dropped 3.1 percent last week from the previous week, the ministry said in a statement on its website. The decline rate was 1.1 percentage points lower than that of the previous week, it said.
The prices of onions and peppers slid 11.6 percent and 8.8 percent respectively last week from a week earlier, while celery prices rose 15.8 percent and those of Chinese cabbage gained 11.4 percent from the previous week, the statement said.
Pork and chicken prices rose 0.1 percent from a week ago.
The retail price of eggs rebounded 0.3 percent last week from the week before, snapping a continuous fall since mid-February.
Food prices accounted for one third of the calculation of China's consumer price index, a main gauge of inflation, which rose to a 32-month high of 5.4 percent in March, exceeding the government's full-year target of 4 percent.
The CPI data is due today.
The average wholesale prices of 18 types of vegetables dropped 3.1 percent last week from the previous week, the ministry said in a statement on its website. The decline rate was 1.1 percentage points lower than that of the previous week, it said.
The prices of onions and peppers slid 11.6 percent and 8.8 percent respectively last week from a week earlier, while celery prices rose 15.8 percent and those of Chinese cabbage gained 11.4 percent from the previous week, the statement said.
Pork and chicken prices rose 0.1 percent from a week ago.
The retail price of eggs rebounded 0.3 percent last week from the week before, snapping a continuous fall since mid-February.
Food prices accounted for one third of the calculation of China's consumer price index, a main gauge of inflation, which rose to a 32-month high of 5.4 percent in March, exceeding the government's full-year target of 4 percent.
The CPI data is due today.
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