Foodstuff prices saw a mild decline during Spring Festival, the
Chinese Lunar New Year, the Ministry of Commerce said in Beijing on
Sunday.
The average wholesale price of vegetables on Saturday declined
to 3.79 yuan per kilogram, down 1.3 percent from the previous day
and 2.6 percent from Feb. 6, the new year eve, according to the
statistics of the ministry.
Meanwhile, pork price fell by 0.4 percent from the previous day
and 1.0 percent from Feb. 7.
In mid-Jan., the Chinese government vowed to restrict price
rises on key household commodities, including on grain, edible
oils, meat, milk, eggs and liquefied petroleum gas.
It was the latest in a series of moves since July last year to
cool surging inflation, which has stayed well above the official
critical mark of four percent and shot to an 11-year high of 6.9
percent in November. (One U.S. dollar equals 7.18 yuan)
(Xinhua News Agency February 11, 2008)