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China’s weekly farm produce prices continue to drop

Updated: Jun 4,2019 8:39 PM     Xinhua

BEIJING — Prices of farm produce in China continued to decrease last week, data from the Ministry of Commerce (MOC) showed on June 4.

From May 27 to June 2, the overall price of farm produce edged down 0.2 percent on a weekly basis, following a 0.5 percent decrease the previous week.

In breakdown, the average wholesale price of 30 types of vegetables went down 1.1 percent.

The wholesale price of pork remained unchanged while eggs dropped 2.4 percent.

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 quickened to a six-month high in April as tighter supplies of vegetables, pork and fruit drove up food prices.