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Farm Produce Prices Rise; Producer Goods Fall

by 5m Editor
22 December 2011, at 1:00am

CHINA - The Ministry of Commerce said Tuesday that the country's farm produce prices continued to rise last week while producer goods prices fell for a fourth consecutive week.

The price of meat rose slightly, with pork prices up 1.1 per cent. Beef prices rose 0.5 per cent and mutton prices rose 0.4 per cent.

In contrast, the country's producer goods prices slid last week, indicating that the producer price index (PPI), a major gauge of inflation at the wholesale level, may drop in the months to come.