China's Weekly Farm Produce Prices Continue To Retreat
Muhammad Irfan Published April 24, 2019 | 01:20 PM
Prices of farm produce in China continued to retreat last week, data from the Ministry of Commerce (MOC) showed
BEIJING, (APP - UrduPoint / Pakistan Point News - 24th Apr, 2019 ) :Prices of farm produce in China continued to retreat last week, data from the Ministry of Commerce (MOC) showed.
From April 15 to 21, the overall price for farm produce edged down 0.8 percent on a weekly basis, following a 0.5-percent drop in the previous week.
In breakdown, the average wholesale price of 30 types of vegetables went down 3.5 percent on a weekly basis.
The wholesale price of pork and beef both saw a decrease from a week earlier, down 1.2 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 0.6 percent from a week earlier.
Recent Stories
SC orders end of encroachments in Karachi
Nazish Jahangir denies viral screenshots, calls them fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
More Stories From World
-
China continues to battle flood in Pearl River basin
3 minutes ago -
Death toll from Tanzania's flash floods rises to 155: PM
13 minutes ago -
Iron ore futures close higher
22 minutes ago -
Two runaway army horses in 'serious condition': UK minister
22 minutes ago -
Myanmar's health ministry issues heat advisory amid soaring temperature
33 minutes ago -
Russian oil production facility in Siberia catches fire
33 minutes ago
-
Hong Kong's Hang Seng Index closes 0.48 pct higher
33 minutes ago -
Kremlin says Ukraine access to ATACMS will not impact outcome of conflict
42 minutes ago -
Scottish leader scraps coalition deal with Greens
42 minutes ago -
US announces sweeping cuts to power sector carbon emissions
2 hours ago -
US to give Micron $6.1 bn for American chip factories
2 hours ago -
Venice launches five-euro entry fee
2 hours ago