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CPI growth to slow as year ends
(Xinhua)
Updated: 2004-11-23 09:38

The effective macro-economic control measures will continue to slow China's consumer price index (CPI) growth in November and December, according to the National Development and Reform Commission (NDRC) analysis report released Monday.

The macro-control has reduced uncertain factors in China's economy and increased grain supply, which combined to drive down the CPI growth, said the report.

Official statistics showed that October's CPI growth rate already declined 0.9 percent compared with September.

Factors that are slowing the growth also include the decliningprice of industrial commodities. The influence of last year's price hike is also losing momentum, said the report.

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