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China's farm produce prices retreat for 9th straight week

DATE:2020-04-29       SOURCE:Xinhua
 

BEIJING — Prices of farm produce in China continued to decline last week, edging down for nine weeks in a row, data from the Ministry of Commerce showed on April 28.  

 

From April 20 to 26, the overall price of farm produce went down 0.8 percent on a weekly basis. 

 

In breakdown, the average wholesale price of pork dropped by 2 percent from the previous week, while that of 30 types of vegetables edged down 2.1 percent. 

 

Poultry-related products declined slightly with the wholesale price of eggs down by 0.4 percent and that of chicken down by 0.9 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 4.3 percent year-on-year in March.  

  

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