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China’s farm produce prices continue to rise

Updated: Mar 19,2019 7:22 PM     Xinhua

BEIJING — Prices of farm produce in China continued to rise last week, official data showed on March 19.

The overall price for farm produce edged up 1.6 percent from March 11 to March 17, according to the Ministry of Commerce.

The average wholesale price of 30 types of vegetables went up 2.2 percent. The wholesale price of pork went up 7.7 percent and the price of eggs edged up 0.5 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.