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BEIJING - China is under great pressure amid imported inflation triggered by soaring international grain prices and oil prices, a senior economic planning official said on Wednesday.
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The measures, such as raising interest rates, increasing market supplies and cutting fees, have shown some results, Xu said.
The most obvious change has been a decrease in vegetable prices, Xu said.
Countering price hikes is a top priority for the country, and measures to keep prices down will be gradually carried out over time, Xu said.
The Consumer Price Index (CPI), a major gauge of inflation, rose to 5.3 percent in April, well above the government's annual inflation control ceiling of 4 percent.
The May CPI is scheduled to be published on June 14.
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