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Economics & Trade

Extra measures mulled to stem rising food prices

The Ministry of Commerce could bring in new measures and work in unison with other government agencies to stem off growing inflation, state media reported. "We would enhance the connection between vegetable production and sales to stabilize supply and prices in winter and next spring," ministry spokesman Yao Jian said. October’s consumer price index rose 4.4%, the fastest rate in 25 months, leaving the government’s full-year inflation target of 3% under threat. Food prices have been one of the principal drivers of inflation growth. According to the commerce ministry, in the first 10 days of November the average wholesale prices for 18 types of vegetables in 36 cities rose 62.4% year-on-year.

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