Farm pro­duce prices con­tinue to rise last week

China Daily (Canada) - - NEWS CAPSULE -

Farm pro­duce prices con­tin­ued their up­ward trend last week, driven by veg­eta­bles, the Min­istry of Com­merce said.

The av­er­age price of 30 types of veg­etable jumped 10.5 per­cent, com­pared to an in­crease of 4.5 per­cent a week ear­lier, ac­cord­ing to the min­istry web­site. Grain prices were largely sta­ble. Prices of toma­toes, zuc­chini and beans soared 27.7 per­cent, 25.3 per­cent and 23.5 per­cent, re­spec­tively.

Food prices ac­count for onethird of the cal­cu­la­tion of China’s con­sumer price in­dex (CPI).

This year, the 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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