Means of production prices mostly fall in China

Xinhua
14 May 2022, 17:14 GMT+10

BEIJING, May 14 (Xinhua) -- Most of the capital goods monitored by the government posted lower prices in early May compared with late April this year, official data showed Saturday.

Of the 50 major goods monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some agricultural products mainly used for processing, 22 saw their prices increase, while 27 posted lower prices, and the prices of one remained unchanged, according to the National Bureau of Statistics.

Hog price went up 2.1 percent during the period to 14.9 yuan (2.19 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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