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The price of food in major cities has fallen for the past five weeks in a
row, the Ministry of Commerce said on Monday.
Of the 58 food items monitored last week in 36 principal cities, 31 have seen
their prices fall, while 22 have become more expensive, the ministry said.
Water me
lons saw the biggest drop, of about 20 percent compared with a week
earlier, due to increased supply. Vegetables were an average of 10.4 percent
cheaper, as more local produce entered the market.
The price of pork, one of the biggest factors in inflation, dropped 1.8
percent.Beef and eggs were among the risers, with each of their prices going up
by 0.8 percent.
Overall inflation was reported at 8.5 percent for April, down slightly from
the 8.7 percent record high in February.
The rising cost of food, especially pork, has been the influencing factor
behind the inflation figures.
The price of pork has risen 70 percent since last year as a result of reduced
supplies, caused by pig diseases and farmers' rising costs.
The supply is improving, however, the Ministry of Agriculture said on Monday.
Zhang Baowen, vice-minister of agriculture, said at a national teleconference
that the country's total number of farm pigs grew by more than 10 percent last
month.
On large-scale farms, the figures were up more than 20 percent from last
April.
Over the past year, the government has paid 2.8 billion yuan ($400 million)
in subsidies to pig farmers.
Beijing housewife Wang Hua said she is glad to see food prices falling, as
she can now afford to buy her favorite balsam pear, and is no longer forced to
eat only Chinese cabbage.
"Last month, it cost 7 yuan per kg, but now it is down to 3 yuan, which is
much more affordable," the 52-year-old native of southern China
said.
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