Economy
China vegetable prices fall for fifth week: report
Updated: 2010-12-15 06:34
(Xinhua)
BEIJING - Prices of vegetables in China fell for a fifth week since the start of November this year, as combined price declines reached 17.4 percent during the period, a report by the Ministry of Commerce said Tuesday.
For the week of December 6-12, prices of 18 types of vegetables in 36 major cities were down 3.6 percent compared to the previous week, and down by 4.5 percent year on year, the report showed.
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Meanwhile, Yunnan and Guangdong provinces also planned to raise the size of planting areas by 7.1 percent and 2.8 percent, respectively.
The report also said local governments have been working to maintain the stability of vegetable prices by further strengthening the link between production and sales.
The falling vegetable prices might come as a bit of relief amid the country's rising inflation, which hit 5.1 percent in November, a 28-month high.
Government data showed the country's CPI rose 3.2 percent year on year in the first 11 months, surpassing the government's target ceiling of 3 percent for 2010.
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