MNI BRIEF: CPI Set To Increase Later In Year - NDRC

China’s CPI rate will return to average levels later this year, as policies to boost domestic demand take effect and base effects weaken, according to a National Development and Reform Commission (NDRC) spokesperson on Wednesday.

The spokesperson noted the smooth resumption of logistics in areas such as fresh fruit had exacerbated base effects on CPI levels this year.

To address weakness in PMI, the NDRC will implement policies to stabilise and expand investment in the manufacturing industry and coordinate the central budget, local government special bonds and structural monetary policy tools, the spokesperson said.