Economic Trend News
- Inflation not intensifying: official
Date: 5-Mar-2007 Sources: (Shenzhen Daily)
INFLATIONARY pressure in China does not appear to be intensifying, a senior central bank official said Saturday.
Tang Xu, head of the research bureau of the People's Bank of China (PBOC), said a recent rise in food costs, which account for about a third of China's consumer price index (CPI), was unlikely to be sustained.
'I don't think inflationary pressure in February was getting stronger,'Tang told reporters on the sidelines of a financial forum. But he declined to comment on whether or not annual consumer price inflation last month accelerated from January's rate of 2.2 percent.
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