A slight decrease in farm produce prices in China is an encouraging sign for the government there as it endeavours to limit food inflation.
According to a report by Chinese news service Xinhua.com, the wholesale price of vegetables dropped by 2.6 per cent in the week ending 3 April.
The price of bitter melon dropped the most with an 8.6 per cent decrease, while the cost of green peppers fell by 8.3 per cent, reported the news service.
China’s consumer price index increased by 4.9 per cent in February year on year. The country’s government had set a target to limit inflation to 4 per cent in 2011.
The country has adopted a number of measures to limit inflation, such as hiking interest rates and raising the reserve ratio requirements of banks, reported Xinhua.com.
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