Consumer prices rise 1.9%, smallest gain in a year
22 February 2005
China's consumer prices grew at their slowest rate in more than a year as food costs remained stable, thanks to improved harvests. Prices rose 1.9% from a year ago after climbing 2.4% in December, according to official statistics. Beijing may now delay raising interest rates in light of the slowing inflation, although a forecasted labor shortage may push wages higher, ushering in further inflation.