Regulator says price level stable, controllable

Affordable rate: Shoppers are seen buying fresh produce at a market in Shanghai. With measures stabilising supplies, vegetable prices have fallen in China. ― Reuters

BEIJING: China has the confidence and capability to keep prices stable within a reasonable range despite the expected inflationary pressure likely continuing globally, the country’s top economic regulator says.

In recent months, prices of vegetables have fluctuated periodically in some parts of China due to extreme weather such as heavy rains and low temperatures. Consumer goods prices also jumped due to rising energy and bulk commodity prices, the National Development and Reform Commission (NDRC) said.