BEIJING, Oct 17: China’s government signalled on Wednesday that prices were rising sharply despite a range of policies aimed at cooling inflation and the economy in general. The consumer price index rose 4.1 per cent year-on-year in the first nine months of 2007, the Beijing Times reported, citing Chen Deming, vice chairman of the National Development and Reform Commission.
Although Chen did not provide a consumer inflation figure for Sept alone, the data would seem to suggest a relatively sharp rise during that month of about six per cent, or twice the government’s three-per cent target for 2007.—AFP
