Vice Chairman of National Development and Reform Commission, Zhang Guobao, stated during an interview on January 30, 2008 that he does not rule out the January CPI reaching new highs. He stated that short-term adverse weather accelerates food price increase and inflation is expected to remain at a high level this year.
Source: Xinhua, February 3, 2008
http://news.xinhuanet.com/fortune/2008-02/03/content_7556791.htm