In the past two years, prices rise in China witnessed a 10-year record high due to influence of imbalance between the international input and demand of some goods, the continuously rising cost, structure adjustment, liquidity surplus, and other factors, according to report from the National Bureau of Statistics.
The report said, from 1997 to 2006, consumer price growth rate was generally lower than 2%. But since 2007, consumer price growth rate accelerated gradually, rising from 2.7% in the first quarter to 3.6% in the second quarter, and then 6.1% in the third quarter and 6.6% in the fourth quarter, ending in the average annual growth rate of 4.8%. From January to July 2008, it further rose to 7.7%, the highest since 1997. The growth comes mainly from foods and home.
For the days to come, the pressure of price rises is still severe, but the report also pointed out that thanks to a series of macro-control measures, the current market prices begin to show some positive changes, and this has created favorable conditions for effectively curbing inflation.
By People's Daily Online
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