Official: Utility prices continue to rise in the second quarter

The National Development and Reform Commission (NDRC) recently issued a report saying that in the first quarter, the overall prices have remained stable, and in the second quarter, the overall price level will continue to maintain modest increases, and there is not likely to be a sharp rise in price.

For the second quarter, the price of water, electricity, oil, gas and other things will increase to some extent, according to the NDRC. However, the government will consider the ability for all sectors of society to handle the price adjustment and implement a variety of measures to reduce the impact of price increases.

The report also expects prices of grain and edible oil will remain stable in the second quarter while vegetable prices continue to fall, and pork prices may go up again. Furthermore, the report said drought in southwest China has had a small impact on domestic edible oil prices.

By People's Daily Online