Inflation expected at 2.7% in 2012
By Ding Yining |
December 3, 2012, Monday
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Print Edition
Print Edition
CHINA'S inflation is estimated to be around 2.7 percent in 2012 and remains below 4 percent in 2013, a deputy governor of the central bank said yesterday.
The remark by Yi Gang, deputy governor of the People's Bank of China, on the sideline of the China Finance Annual Forum in Beijing echoed that of Zhang Ping, head of the National Development and Reform Commission. Zhang said earlier that China would be able to keep inflation within 3 percent this year.
China's Consumer Price Index, a broad measure of inflation, rose 1.7 percent in October, easing from September's 1.9 percent. The inflation was the lowest in 33 months, suggesting a stable economic growth.
The remark by Yi Gang, deputy governor of the People's Bank of China, on the sideline of the China Finance Annual Forum in Beijing echoed that of Zhang Ping, head of the National Development and Reform Commission. Zhang said earlier that China would be able to keep inflation within 3 percent this year.
China's Consumer Price Index, a broad measure of inflation, rose 1.7 percent in October, easing from September's 1.9 percent. The inflation was the lowest in 33 months, suggesting a stable economic growth.
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