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Jan16
China Economy: CPI Up 6.5 Percent in November

China's Consumer Price Index (CPI) rose 6.5 percent in November over the same month in the last year, 2006.

The rise of food price is the main reason caused the index get higher than usual.

Food prices ballooned 18.2 percent in November, compared 17.6 percent in October.

The recent price of pork has soared more than 46 percent than usual.

Grain price rose 6.6 percent, and the cooking oil price jumped 35 percent over the same period last year.

cpi.jpg

The annual consumer price index is forecasted to be around 4.7 percent. The record for annual CPI was 8.3 percent in 1996.

The government will introduce a range of the temporary price-intervention measures in a bit to stabilize the cost of daily necessaries, the National Development and Reform Commission said today.

The main targets of these price-intervention measures are grains and grains-made products, plant cooking oil, meat (Pork, beef and mutton) and meat-made products, milk, eggs and liquefied petroleum gases.

Do you think these tough measures will work well or bad?

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