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China Reports Slight Drop in Egg Prices

11 December 2013

CHINA - Farm produce prices in 36 major Chinese cities rose slightly in the week ending 8 December compared with the previous week, according to a Ministry of Commerce statement.

The wholesale price of pork went up 0.3 per cent, while the cost of beef and mutton rose 0.5 per cent and 0.2 per cent, respectively.

The average wholesale price of aquatic products gained 0.6 per cent and the cost of rice and peanut oil went up 0.2 per cent and 0.1 per cent, respectively.

The price of vegetables and eggs dropped slightly last week. The average wholesale price of 18 kinds of vegetables dipped 2.3 per cent from a week earlier and that of eggs down 0.2 per cent.

Food accounts for about one third of China's consumer price index (CPI), a main gauge of inflation.

The CPI grew three per cent year on year in November, down from 3.2 per cent in October, the National Bureau of Statistics (NBS) said on Monday.

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