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Index below 2.5%
December 28, 2012, Friday
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HANGZHOU'S consumer price index will be kept under 2.5 percent this year, the local price bureau said this week.
From January to November, the city's CPI, a gauge of inflation, stayed at 2.5 percent, 2.3 percentage points lower than the same period of last year. As the global economy is slowing, the CPI growth rate for the whole year is unlikely to exceed 2.5 percent, and this year's target of keeping inflation under 4 percent is achievable, said bureau officials.
This year, Hangzhou took a series of measures to keep prices stable, including the establishment of the 700-million-yuan Price Adjustment Fund.
From January to November, the city's CPI, a gauge of inflation, stayed at 2.5 percent, 2.3 percentage points lower than the same period of last year. As the global economy is slowing, the CPI growth rate for the whole year is unlikely to exceed 2.5 percent, and this year's target of keeping inflation under 4 percent is achievable, said bureau officials.
This year, Hangzhou took a series of measures to keep prices stable, including the establishment of the 700-million-yuan Price Adjustment Fund.
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