BEIJING — Prices of farm produce in China slightly retreated in the last week, data showed on April 16.
From April 8 to 14, the overall price for farm produce edged down 0.5 percent on a weekly basis, following a 0.5-percent gain in the previous week, data from the Ministry of Commerce (MOC) showed.
In breakdown, the average wholesale price of 30 types of vegetables went down 1.7 percent on a weekly basis.
The wholesale price of pork and beef both saw a slight decrease from a week earlier, down 0.7 percent and 0.3 percent, respectively.
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 2.3 percent year-on-year in March, compared with 1.5-percent growth in February.
MOC data also showed that producer prices picked up last week, with prices of steel rising 1.1 percent from a week earlier.