China’s farm produce prices in 36 large and medium-sized cities rose slightly in the week ending Dec 28, compared with the previous week, the Commerce Ministry said Wednesday. The average price of 18 vegetables went up 1.2 percent in the time period. The prices of winter melon and green pepper rose 8 percent and 7 percent, respectively. Last week, the prices of mutton and beef rose 0.4 percent and 0.2 percent, respectively, and pork declined 0.7 percent. The average price of aquatic products went up 0.4 percent, and egg prices dropped 1.3 percent…Full Article: China Daily Dec 2014
- The price of food comprises roughly one-third of China’s Consumer Price Index (CPI).
- China’s CPI (2010 as the base year, 2010=100) increased from 105.4 in 2011 to 111 in 2013.