Despite the increase in the supply of vegetables in November, prices are still high on a monthly basis by 6.8%.Investors are watching for signs of whether the rapid rise in prices and stagnating economic activity may further hamper growth.
Other food prices in China rose last month, with a total increase of 1.6 percent year on year, amid a global price boom.
The Food and Agriculture Organization of the United Nations (FAO) said its global food price index jumped 27.3% year on year in November to its highest level since June 2011.
The statistics office said that the price of eggs in China jumped 20.1% in November on an annual basis, while the price of freshwater fish jumped by 18%.The price of pork, a staple in the Chinese diet, remained below last year’s highs with an annual decline of 32.7% in November, but up 12.2% from October.
The consumer price index, which is highly sensitive to pork prices, rose overall less than expected in November, up 2.3 percent versus the 2.5 percent forecast by a Reuters poll.
The producer price index rose 12.9%, exceeding expectations for an increase of 12.4%, but the November level represents a slowdown from October, when the index rose in October by 13.5%.
The producer price index rose to record levels this year in light of the rise in commodity prices.
These were the details of the news In China…a rise in vegetable prices! for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
