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MNI BRIEF: Overseas Inflation Impact On China Limited: NDRC


China's CPI will show a moderate gain but still fall within the government's 3% ceiling this year as the transmission of overseas inflation is limited and controllable, said Meng Wei, spokeswoman of the National Development and Reform Commission at a briefing on Monday.

Food and services, which account for a high proportion of CPI, are less affected by external factors, said Meng, adding that sufficient supplies of grain and pork will help stabilize their prices. Consumer goods prices are also expected to remain stable given ample supply and market competition, she said.

Meng played down the recent rise in commodity prices as temporary and the result of the global economy recovery, abundant liquidity and speculation, and said there is no fundamental change to supply and demand.

MNI Singapore Bureau | +65 9 632 1991 |
MNI Singapore Bureau | +65 9 632 1991 |

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