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Wednesday, March 10, 2010
China Official: See 2010 Inflation Moderate, Controllable
Dow Jones Newswires
BEIJING -(Dow Jones)- Inflation this year will be moderate and controllable, with consumer price index growth to slow in March as seasonal factors fade, National Bureau of Statistics spokesman Sheng Laiyun said Thursday.
Sheng said excess capacity in the industrial sector and a good grain harvest will help stabilize prices.
Sheng was speaking at the statistics agency's monthly news conference, at which it said China's CPI in February rose 2.7% from a year earlier, quickening from January's 1.5% rise and also above expectations for a 2.4% increase.
The CPI in the first two months of the year rose 2.1% from a year earlier, faster than December's 1.9% rise, the data showed.
The CPI data for January-February strips out the impact of the weeklong Chinese New Year holiday, when consumer prices often rise. The break fell in February this year, but in January last year.
-Liu Li contributed to this article, Dow Jones Newswires; (8610) 8400-7711; li.liu@dowjones.com
Copyright © 2009 Dow Jones Newswires
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