The prices of fresh vegetables in China surged by 30.6% in November compared to those of 2020. The gains followed a 15.9% year-on-year rise in October. Investors have been watching for signs of whether rapidly rising prices and stagnant economic activity might further drag down growth.
Other food prices rose in China last month, for an overall increase of 1.6% year on year, amid a global surge. The Food and Agriculture Organization of the United Nations said its international food price index jumped by 27.3% year on year in November to its highest since June 2011.
Photo source: Dreamstime.com