China's farm produce prices mostly rebounded last week, ending a five-consecutive-week downward trend as persistent rainfall limited market supplies, new data has shown.
The wholesale price of 18 types of vegetables rose 2.4% during the week ending April 29, with prices of white radishes, rapes and tomatoes up 14.4%, 11.8% and 9.8%, respectively, the Ministry of Commerce said in a statement on its website.
The wholesale price of eight staple aquatic products edged up 1.1% last week, while those of peanut oil, colza oil and bean oil increased 0.6%, 0.1% and 0.1%, respectively.
Meanwhile, rice prices inched up 0.2% and the price of flour stayed unchanged, according to the ministry.
However, pork and eggs prices continued to decline. Pork went down 0.1% week on week and 14.1% cumulatively since late January, while eggs dropped 0.5% last week and 8.9% cumulatively since the beginning of the year.
Food prices have a one-third weighting in the calculation of China's consumer price index (CPI), the major gauge of inflation.
China's CPI rebounded to 3.6% in March, after easing to a 20-month low of 3.2% in February.
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