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Means of production prices fall in China

2022-06-24 10:53

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BEIJING, June 24 (Xinhua) -- Most of the capital goods monitored by the government posted lower prices in mid-June compared with early June this year, official data shows.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer, and some agricultural products mainly used for processing, 18 saw their prices increase, while 30 posted lower prices, according to the National Bureau of Statistics.

Hog price went up 3.8 percent during the period to 16.4 yuan (2.45 U.S. dollars) per kg.

The reading, released every 10 days, is based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions.
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