8 trends of major price movements gauging China's economy
Updated: 2016-04-06 07:02
By He Yini(chinadaily.com.cn)
China's economic development has hit speed bumps amid reforms and restructuring. Faced with mixed situations both at home and abroad, the country is likely to suffer further slowdown this year, affecting some price indexes as main gauges of the country's economic operation. Let's take a look at some of the price movements in 2016 predicted by the National Development and Reform Commission.
Consumers shop at a supermarket of Huaibei city, Anhui province, March 10, 2016. [Photo / IC]
Overall consumer prices to see mild rebound
China's consumer price index, a main gauge of inflation, grew between 1-2 percent in 2015. Despite slowing economic development, CPI growth will expand moderately this year - to be kept at around 3 percent, mainly driven by price increases in food, services and housing, as well as eased monetary policy that aims to help stabilize the economy amid restructuring.