China targets a rise of consumer price of around three percent this year, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.

The target takes into account of the carry-over effects of last year's price changes, price fluctuations of major international commodities, hefty increase of domestic money and credit supply, and consumers' ability to bear price increases, reads the report, distributed to the media before the opening of the Third Session of the 11th National People's Congress (NPC).

The figure compares with a 0.7 percent fall of CPI last year as economic slowdown and lackluster demand drove prices down.