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Inflation will ease after July spike: NDRC official

(Xinhua)

09:30, October 28, 2011

Growth of China's consumer prices will continue to cool after slowing from this year's peak in July, the nation's top economic planner said Thursday.

Peng Sen, a deputy chief of the National Development and Reform Commission, said the country's consumer prices have stabilized and were "generally controllable."

However, he said maintaining price stability would not be easy as price increases of farm produce and resources were inevitable.

Peng said the government should seek to keep consumer price increases at a reasonable level.

The consumer price index rose 6.1 percent year-on-year in September, moderating from 6.2 percent in August.

The country's GDP expanded 9.1 percent year-on-year in the third quarter of the year, the slowest in two years.


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