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China’s farm produce prices edge up

Updated: Mar 12,2019 1:38 PM     Xinhua

BEIJING — Prices of farm produce in China rose slightly last week, official data showed on March 12.

The overall price for farm produce edged up 0.3 percent from March 4 to March 10, compared with a 0.5-percent decline the previous week, according to the Ministry of Commerce.

The average wholesale price of 30 types of vegetables went up 0.2 percent. The wholesale price of pork went up 2.3 percent and the price of eggs dropped 2.1 percent from the previous week.

Food accounts for about one-third of China’s consumer price index, which, as a main gauge of inflation, remained stable during the beginning of the year.

Consumer price index (CPI), a main gauge of inflation, rose 1.5 percent year-on-year in February, compared with 1.7 percent growth in January, data from the National Bureau of Statistics showed.

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