• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

China’s vegetable prices surge 30.6% in November as food costs soar

by
December 9, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

FuelCell’s Revenue More Than Doubles. The Stock Is Falling Anyway.

This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds

Daily Spotlight: Bull Market Beginning?

China steps up support for Putin as Western sanctions bite – latest updates

A woman picks a cabbage in a grocery market in Nanjing in east China’s Jiangsu province Wednesday, Nov. 10, 2021.

Feature China | Barcroft Media | Getty Images

BEIJING — Fresh vegetable prices in China surged by 30.6% in November from a year ago, the National Bureau of Statistics said Thursday.

The gains followed a 15.9% year-on-year rise in October, as floods and other extreme weather in recent months have hit farms. Although the bureau noted the supply of vegetables increased in November, prices were still up on a monthly basis by 6.8%.

Investors have been watching for signs of whether rapidly rising prices and stagnant economic activity might further drag down growth.

Other food prices rose in China last month, for an overall increase of 1.6% year on year, amid a global surge. The Food and Agriculture Organization of the United Nations said its international food price index jumped by 27.3% year on year in November to its highest since June 2011.

In China, the statistics bureau said the price of eggs jumped by 20.1% in November from a year ago, while that of freshwater fish climbed 18%.

The price of pork, a staple in Chinese diets, remained well bellow the highs of last year with a year-on-year decline of 32.7% in November. But pork prices rose 12.2% from October.

The consumer price index — which is highly sensitive to pork prices — overall rose less than expected in November, up 2.3% versus the 2.5% predicted by a Reuters poll.

The producer price index surged by 12.9%, topping expectations of a 12.4% increase. But November’s level marked a slowdown from October, when the index climbed 13.5%.

The producer price index has climbed by record levels this year as commodity prices have soared.

Next Post

Top investment strategist sees 'massive' value in metals, outlines how to play the market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

FuelCell’s Revenue More Than Doubles. The Stock Is Falling Anyway.

by
June 8, 2023
0

Read more

FuelCell’s Revenue More Than Doubles. The Stock Is Falling Anyway.

This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds

China steps up support for Putin as Western sanctions bite – latest updates

Daily Spotlight: Bull Market Beginning?

Bonds Are Back. Where Vanguard’s Bond Boss Sees Value Now.

Binance CEO’s trading firm received $11 billion via client deposit company, SEC says

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews