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China's central bank says in a recent report that the fourth quarter consumer price index, or CPI, will slow by supply and demand balance.
The People's Bank of China says that in the first three quarters, China's CPI continued to increase, raising concerns about ongoing inflationary pressures.
Figures show that the food price was up by about 11 percents in the first three quarters, with grain prices up by more than 28 percents.
The bank predicts that as the grain supply increases, its price will be stabilized and the CPI would stop climbing.
(CRI.com November 18, 2004)
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