China's farm produce prices down
Updated: 2013-02-23 10:56
BEIJING -- Farm produce prices in China have seen a marked decline since mid-February, according to a survey conducted by Xinhua News Agency.
The average price of 21 monitored vegetables declined 11.2 percent from February 10-22, while the price of eggs was down 0.4 percent, said the survey released Friday.
The price of pork, a staple meat in China, dipped mildly, but the price for chicken held steady. Prices of beef and mutton also nudged down.
Food prices account for about one-third of the prices used to calculate the consumer price index (CPI), a main gauge of inflation, in China.
China's consumer price inflation fell to 2.0 percent year on year in January, down from a seven-month high of 2.5 percent in December.