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People's Daily Online>>China Business

Pork prices fall 8.2 pct since mid-September


16:29, November 15, 2011

BEIJING, Nov. 15 (Xinhua) -- China's farm produce prices continued to fall last week, with pork prices 1.9 percent lower than a week earlier and down 8.2 percent cumulatively since mid-September, the Ministry of Commerce said Tuesday.

Egg prices fell for a seventh straight week last week, down 0.6 percent, as supplies increased, the ministry said in a statement on its website.

Colza oil prices dropped 0.1 percent while prices of peanut oil, rice and flour remained unchanged from a week earlier.

The wholesale prices of 18 staple vegetables rose slightly last week after falling for four weeks. The prices of balsam pears, eggplants and tomatoes increased by 6.7 percent, 5.5 percent and 5.4 percent, respectively, the statement said.

Food prices have a one-third weighting in the calculation of China's consumer price index (CPI), a major gauge of inflation. China's CPI eased to 5.5 percent last month, down from 6.1 percent in September.

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