January 16, 2014
China's farm produce prices up slightly compared to previous week
In the week ending January 12, farm produce prices in 36 major Chinese cities rose slightly compared with the previous week, as shown by the Ministry of Commerce statistics.
The average wholesale cost of aquatic products rose 0.3% and the price of eggs rose 0.4%. The cost of beef edged up 0.2%, while pork prices dropped 1.4% compared with the previous week.
Food accounts for about one-third of China's consumer price index (CPI), a main gauge of inflation.
According to the National Bureau of Statistics, December's CPI rose 2.5% on-year, down from 3% in November and 3.2% in October.
