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Means of production prices mostly fall in China
Updated: October 25, 2023 14:49 Xinhua

BEIJING, Oct. 25 -- Most capital goods monitored by China's statistical authorities registered lower prices in mid-October compared to early October, official data showed.

Of the 50 major goods classified in nine categories, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 37 reported lower prices in this period, 8 recorded price increases, and five saw their price unchanged, according to the National Bureau of Statistics (NBS).

NBS data revealed that hog, soybean and peanut prices dropped by 1.9 percent, 0.4 percent and 3 percent, respectively, in mid-October compared to early October.

During the same period, the price of liquefied natural gas increased by 5.7 percent, according to the NBS data.

These figures, released every 10 days, are based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.

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