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China inflation rate 2.6% in 2013

BEIJING - China's inflation rate was 2.6 per cent in 2013, official data showed Thursday -- well below the 3.5 per cent target set by the government in the world's second-biggest economy.

The figure for the consumer price index (CPI), a main gauge of inflation, released by the National Bureau of Statistics (NBS) was unchanged from 2012.

Analysts broadly welcomed the statistics, saying they pointed to a stable outlook for prices and a reduced chance of monetary tightening.

Inflation has slowed markedly since 2011, when annual CPI spiked to 5.4 per cent.

AFP


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