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China Won’t See Wide-scale Consumer Price Inflation: NDRC

MNI (Singapore)

China's consumer price inflation is mostly under control, and it won't see wide-scale price increases, the National Development and Reform Commission said in a WeChat blogpost. Food prices can be contained given China's increased grain harvest and rising pork supply, Guo Liyan, a researcher at a research body affiliated with the NDRC, said in the blogpost. China's current logistics are functioning well, so transportation snags are unlikely despite snow and outbreaks of animal diseases in some regions, Guo said. While the prices of raw materials such as coal may continue rising in the near term, China has released some production capacities and reserves to guide the market, which limited industrial price gains, the blogpost said.

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