`China must remain on high alert for inflation'
Quotes

`China must remain on high alert for inflation'

Last Updated: Wednesday, March 13, 2013, 15:08
 
 Comment 0
 
'China must remain on high alert for inflation'
Beijing: China's central bank governor Zhou Xiaochuan said Wednesday that China should remain on high alert for inflation and the bank will take measures, including monetary policy adjustments, to stabilize prices.

Zhou made the remarks at a press conference on the sidelines of the parliament's annual session.

China's consumer price index (CPI), the main gauge of inflation, rebounded to a 10-month high of 3.2 percent in February, reported Xinhua.

Zhou attributed the higher-than-expected index partly to the lower comparison base last year as the data was calculated on a year-on-year basis.

On a month-on-month basis, February's CPI gained 1.1 percent from the previous month.

China aims to hold this year's consumer price growth at around 3.5 percent, lower than the 4-percent target for 2012 but higher than last year's actual inflation rate of 2.6 percent.

IANS


First Published: Wednesday, March 13, 2013, 15:08


Comments


comments powered by Disqus
China Auto show 2014
China Auto show 2014
New York Auto Show: 2015 Subaru Outback
New York Auto Show: 2015 Subaru Outback
New York Auto Show: Dodge Hot Cars
New York Auto Show: Dodge Hot Cars
New York Auto Show 2014: Hot Cars
New York Auto Show 2014: Hot Cars
Top 10 Fastest-Emerging Cities
Top 10 Fastest-Emerging Cities

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved