China commodities prices fall in Aug

BEIJING, Sept 15 (Xinhua): The overall average price of commodities in China shrank by 2.0 per cent in August from the previous month and by 6.0 per cent from the same period last year, according to the China Logistics Information Center.

The average price in the January-August period went down 2.7 per cent from the same period last year. The decline was 0.6 per centage points larger than that in January-July. According to the center, the downward pressure of the domestic economy was obvious and the commodity market continued to be depressed in August.

The market demand failed to meet expectations, influenced by high temperatures, rain and typhoons, and the real estate regulation policy showed a tightening trend, which further restrained demand, it said.