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China's food prices dip last week
Published on: 2016-10-27
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040Food prices in China edged down last week, on the back of cheaper vegetables and fish, with inflation running below the government target.


The average price of 30 types of vegetable between October 17 and 23 decreased 0.3% from a week earlier, the Ministry of Commerce said Tuesday.


Prices of cauliflowers, Chinese cabbage and asparagus declined 7.7%, 6.1% and 6% from the same period, respectively, while fish prices dipped 0.7%, the ministry said.


Changes in meat prices were mixed, with pork and beef prices falling 1% and 0.3%, respectively, while mutton rose 0.2% over the same period.


Grain prices registered a mild increase over the period, and various types of edible oil reported modest gains.


Food prices account for about one third of China's consumer price index (CPI), the main gauge of inflation.

041
The CPI growth target is set at around 3% this year. China's CPI grew 1.9% year on year in September, up from 1.3% in August.

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