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China inflation set to ease further: stats bureau

(Agencies)
Updated: 2008-09-02 15:40

BEIJING - China's consumer inflation is set to ease further in coming months, thanks to declining food and oil prices, according to a National Bureau of Statistics report published on Tuesday.

Related readings:  Official reaffirms curbing inflation a priority after Olympics  Nation's inflation due to economic structure  China's inflation likely to cool off  Consumer inflation may continue to fall

The report, published in the China Information News, the bureau's newspaper, did not provide a detailed forecast, but it said an increasing supply of fresh food at home and lower oil prices abroad would help China to control inflation.

The consumer price index has eased for three months in a row to an annual increase of 6.3 percent in July from a decade-high of 8.7 percent in February.

China's target for 2008 is to average 4.8 percent in consumer inflation for the full year.