Logistics, rainfall, COVID-19 affecting vegetable prices: expert

China's National Bureau of Statistics says the country's consumer price index rose by 1.5 percent year on year in October. The data shows food prices fell by 2.4 percent from last year but rose by 1.7 percent from last month due to heavy rainfall and COVID-19. The producer price index, measuring the costs of goods at the factory gate, rose by 13.5 percent year on year in October. That's up 2.5 percent from last year. The prices of vegetables have gone up, and it is a big contributor to the rise in the consumer price index in October. For some insight on these latest economic indicators, CGTN's "The World Today" talked to Liu Baocheng, dean of the Center for International Business Ethics at the University of International Business and Economics. Liu said the vegetable price surge in China is due to many factors, such as logistics, rainfall and COVID-19.

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