Means of production prices mostly fall in China

The majority of capital goods in China posted lower prices in early February 2023 compared with late January, official data showed Tuesday.

Of the 50 goods monitored by the government, which include seamless steel tubes, gasoline, coal, fertilizer and some agricultural products mainly used for processing, 12 posted higher prices, and 35 saw prices decline, according to the National Bureau of Statistics.

Hog prices dropped 2.1 percent in early February to 14 yuan (about 2.05 U.S. dollars) per kg, data from the bureau showed.

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