Economy
Pork prices dropped for first time in 3 months
Updated: 2011-07-27 14:20
(Xinhua)
BEIJING -- China's pork prices dropped 0.2 percent for the week ending July 24 from the previous week, the Ministry of Commerce (MOC) said Tuesday.
The previous week-on-week drop occurred in the week ending April 10 with a 0.1-percent decline, according to reports listed on the MOC website.
High pork prices have become a big concern for the nation as the consumer price index, the main gauge of inflation, shot up to a three-year high of 6.4 percent last month, driven by surging food prices.
Data from the National Bureau of Statistics showed pork prices in June surged 57.1 percent year-on-year.
Meanwhile, 18 types of vegetables underwent an average price drop of 1.5 percent last week from the previous week. Eight types of aquatic products climbed 1.4 percent in wholesale prices week-on-week.
Prices of mutton and beef rose 1 percent and 0.6 percent, respectively. Egg prices also climbed 0.6 percent.
Specials
Turning up the heat
Traditional Chinese medicine using moxa, or mugwort herb, is once again becoming fashionable
Ciao, Yao
Yao Ming announced his retirement from basketball, staging an emotional end to a glorious career.
Financial sector short of talent
Lack of skilled professionals in Shanghai inhibiting the city's development as a financial hub