According to Today Morning Express, With measures taken to stabilize prices, the price rise has been initially curbed in Hangzhou. Though the price level during the Spring Festival is relatively high, the CPI in February could not have exceeded 5%. Zhou Yidong, vice director of the Price Monitoring Center of Hangzhou Municipal Price Bureau, said to the reporter yesterday, At present, some enterprises raise commodity prices because of the rise in cost.
We warn the enterprises that they should control the cost and strengthen price self-discipline instead of following suit and increasing prices.