BEIJING - China's central bank governor Zhou Xiaochuan said Wednesday that China should remain on high alert for inflation and the bank will take measures, including monetary policy adjustments, to stabilize prices.
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Zhou Xiaochuan, 1st right, China's central bank governor, speaks at a news conference on China's currency policy and financial reform held by the first session of the 12th National People's Congress (NPC) in Beijing, capital of China, March 13, 2013. [Photo/Xinhua] |
Zhou made the remarks at a press conference on the sidelines of the parliament's annual session.
China's consumer price index (CPI), the main gauge of inflation, rebounded to a 10-month high of 3.2 percent in February.
Zhou attributed the higher-than-expected index partly to the lower comparison base last year as the data was calculated on a year-on-year basis.
On a month-on-month basis, February's CPI gained 1.1 percent from the previous month.
China aims to hold this year's consumer price growth at around 3.5 percent, lower than the 4-percent target for 2012 but higher than last year's actual inflation rate of 2.6 percent.