Chart of the Day: Higher Vegetable Prices, Higher Inflation Expectations
Vegetable prices have climbed more than usual this summer, heating expectations for higher inflation.
Recent widespread flooding in a major vegetable-producing region in East China has also stoked inflation fears.
From Aug. 20 to Sunday, the average price for 28 monitored vegetables rose 8% from a week earlier to 4.19 yuan per kilogram (28 U.S. cents per pound), marking the eighth consecutive weekly increase, according to a government-backed information system tracking agricultural product prices. This price was 9.1% higher than the average level during the same period over the past five years.
On Wednesday, the average price for monitored vegetables continued to rise, standing at 4.26 yuan per kilogram.
- 1Cover Story: How Evergrande Could Turn Into ‘China’s Lehman Brothers’
- 2In Depth: How Evergrande Hid Its Debt
- 3In Depth: How Evergrande Created China’s Most Valuable Automaker Without Selling a Single Car
- 4Caixin Explains: How Evergrande’s Hui Ka Yan Blew Up a $43 Billion Fortune
- 5In Depth: How a Liaoning Bank Got Sucked Into the Evergrande Vortex
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas