Means of production prices mostly fall in China

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Beijing, Jan. 15 (BNA): Most of the capital goods in China posted lower prices in early January of 2023 compared with late December of 2022, official data showed Saturday.


Of the 50 goods monitored by the government, which include seamless steel tubes, gasoline, coal, fertilizer and some agricultural products mainly used for processing, 27 posted lower prices, and 21 saw prices rise, according to the National Bureau of Statistics, according to Xinhua.


Hog prices dropped 10.7 percent in early January to 15 yuan (about  $2.23) per kg, data from the bureau showed.


The figures, released every 10 days, are based on a survey of nearly 2,000 wholesalers and distributors in 31 provincial-level regions across the country.