Rains destroy crops, raise Hainan vegie price during National Day holiday week
Supply of daily necessities was adequate and prices of vegetables and meat recorded small increases between Oct. 1 and 7, the ministry said in an email statement.
Vegetable prices in southern Hainan province climbed 5.8 percent from one week ago due to torrential rains; cucumber prices were up 19.4 percent and prices of tomatoes were up 16.2 percent, according to the statement.
Also, prices of pork and beef both gained 0.7 percent from a week earlier throughout the country, the statement said.
Food prices account for one-third of China’s consumer price index (CPI), which jumped to a 22-month high of 3.5 percent year on year in August, according to the National Bureau of Statistics.
It is the second consecutive month that the CPI has exceeded the government’s full-year target of 3 percent. The National Development and Reform Commission said in September that China’s overall target of inflation around 3 percent was achievable.
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