China's consumer price index, the main gauge of inflation, will continue to fall. That's according to Yao Jingyuan, Chief Economist at the National Bureau of Statistics. Yao said this is due to the government's macro control policy.
Yao Jiangyuan said the price change of agricultural products has led to a volatile CPI in recent months. The latest statistics show the price of agricultural products declined 0.5 percent last week in 36 large and middle-sized cities.
China's CPI fell in the five previous months, and is forecast to continue sliding in October, November and December. Since the second half of last year, China's CPI had kept rising, reaching a peak of 8.7% in February this year, breaking an 11-year high in the process.
(CCTV November 10, 2008)
