What changed
China’s Agricultural Products Wholesale Price 200 Index fell 0.27 points on October 22, to 111.73. The Basket Products Wholesale Price Index also declined, dropping 0.32 points to 111.32.
The day’s movement was broad but modest across the 46 monitored fresh agricultural products:
- Pork averaged 15.73 yuan per kilogram, down 0.2%.
- Eggs averaged 9.39 yuan, down 0.9%.
- Vegetables averaged 4.17 yuan, down 0.2%.
- Fruit averaged 6.66 yuan, down 1.8%.
- White silver carp rose 1.4% to 10.34 yuan per kilogram.
Cabbage recorded the sharpest fall, at 7.0%. Green beans posted the largest rise, at 1.9%.
Why it matters
This was a softer day across China’s wholesale food markets, but not a clean sweep. Fruit prices moved down noticeably, while one fish category and several vegetables rose. The figures point to shifting prices within the food basket rather than a single, uniform direction.
Our read is that the most useful signal is the breadth of the update, not the small headline decline. The wholesale index captures movement across meat, eggs, vegetables, fruit and fish at one point in time. Whether the drop persists, or passes through to retail prices, remains uncertain. The next readings will show whether October 22 was a brief easing or the start of a steadier decline.
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