China Expects Consumer Price Index to Rise in December

After declining for more than a year, China's consumer price index is expected to rise this month, says the South China Morning Post, citing an official at the Ministry of Commerce.


Quoting Chang Xiaocun, a bureau director at the ministry, the Post says that the government was not worried about inflation because the CPI for the first three quarters was negative.  Chang told the Post that rapid growth in power usage and generation in recent months suggests stronger industrial activity and consumption.


Consumer prices, which have fallen since February, declined 0.5% year on year in October, says the Post.


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