Food more expensive in China

Chinese consumers had to dig deeper into their pockets in August 2012 when purchasing foods. Fresh vegetables were 23.8 percent more expensive. The National Bureau of Statistics reported recently that the price index for food was 3.4 percent higher than last year. Of foods which were compared to August 2011, in particular fresh vegetables (+23.8%) and fruit (+9.7%) were more expensive.
For both grain and dairy products consumers paid 3% more. The developments in meat and sausage were very different. For these products, the average price level in August 2012 rose by 1% compared to the previous month, but compared to August 2011, however, these were 6.6% cheaper. Especially pork prices fell drastically. Pork cost consumers in August 2012, 18.5% less than twelve months ago.
Over the entire period from January to August the general price increased in China averaged 2.9%, food products were on average 5.9% more expensive compared to the same period last year.

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