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Measures in place to cut CPI growth rate

By Qi Jingmei | China Daily | Updated: 2007-11-23 07:18

Along with the robust economic growth, the price of many commodities has been rising since the start of the year.

The consumer price index (CPI) has witnessed a higher growth rate month after month and it was up by 4.4 percent from January to last month. The CPI rise for the year is expected to be 4.6 percent, higher than the target of 3 percent set by the authorities earlier this year.

The National Development and Reform Commission, the country's economic watchdog, initiated a series of policies in cooperation with other ministries, departments and local governments at different levels, to contain the price rises.

Measures in place to cut CPI growth rate

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