China's farm produce prices fall last week

16:22, April 28, 2011      

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The price of Chinese farm produce fell last week, the Ministry of Commerce said Thursday, indicating easing inflationary pressures this month.

During the week of April 18 to 24, wholesale prices of 18 types of vegetables dropped for the fourth consecutive week, registering a 21.1 percent decline from one month ago, said a statement posted on the ministry's website.

The price of peppers, cabbages and chilis slid by 20.9 percent, 12 percent and 8.9 percent respectively from a week earlier, the statement said.

Egg prices continued to fall last week, posting a 0.2 percent decline.

However, the prices of rice and flour both climbed by 0.2 percent from the previous week.

Falling produce prices are likely to ease some of the country's inflationary pressures. China's consumer price index, the main gauge of inflation, accelerated to 5.4 percent in March, exceeding the government's full-year target of 4 percent.

Source: Xinhua
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