Business / China Data

Farm produce prices rebound last week

(Xinhua) Updated: 2016-08-16 11:23

Farm produce prices rebound last week

Vegetables on display at a farm produce expo in Shenyang, Northeast China's Liaoning province, August 13, 2016. [Photo/VCG]

BEIJING - Farm produce prices broke a four-month losing streak to rebound slightly last week, the Ministry of Commerce said on Tuesday.

The average price of 30 types of vegetables added 0.3 percent, compared to a decrease of 0.3 percent a week earlier, according to the ministry website.

Prices of celery, green onion and cabbage jumped 7.4 percent, 5 percent and 4.8 percent, respectively.

Changes to meat prices varied. Pork and beef edged up 0.4 percent and 0.2 percent. Mutton fell 0.2 percent.

Grain prices were largely stable, with rice falling 0.2 percent and flour increasing 0.3 percent.

Food prices account for one-third of the calculation of China's consumer price index (CPI).

This year's target consumer price growth is set at 3 percent, the same as in 2015. China's CPI grew 1.8 percent year on year in July, virtually unchanged from 1.9 percent in June.

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