China's consumer prices are likely to rise at a relatively low level in the short term, the country's top economic regulator said on Wednesday.

"The plentiful supply of industrial and agricultural products provides a firm basis for overall prices remaining stable," Meng Wei, spokeswoman with the National Development and Reform Commission said at a news conference in Beijing.

Looking ahead, Meng said prices may rise during the peak sales periods surrounding the New Year and Spring Festival holidays. "However, due to the continuous live pig supply and plentiful supply of vegetables, prices are unlikely to rise sharply during the holidays."

To keep up the supply of daily necessities and maintain stable prices, the NDRC will work with different departments and local governments to continue to closely monitor price changes, provide frozen pork from the central reserves, better regulate the market and offer subsidies for those in need.