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.
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