February 05, 2024 10:02 GMT
MNI Brief: China Farm Price Index Highest Since Jan 2023
MNI (BEIJING)
MNI (Beijing)
China’s wholesale agricultural product price index reached 135.59 on Monday, the highest level since January 2023, according to the Ministry of Agriculture and Rural Affairs.
Today’s level marks 20 consecutive days the index has increased, Chinese data provider Wind noted.
However, China’s headline inflation rate will remain weak this year as consumption and the property sector improve moderately, while manufacturing oversupply will likely weigh on future prices over the long term, policy advisors and economists recently told MNI. (See: MNI: Soft China Inflation To Persist, Oversupply Will Weigh)
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