Chance of serious inflation is "slim," Chinese official says

12/15/2009 | China Daily (Beijing)

Despite rising food prices and aggressive stimulus measures, consumer prices in China likely will remain stable for the near term, and any risk of significant inflation is "slim," an official of the National Development and Reform Commission said. "It is impossible that there would be an outburst of serious inflation [in the coming months]," said Cao Changqing, head of the price section for the commission. In November, China's consumer price index rose 0.6% compared with the same month last year. It was the first increase since January.

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