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China July CPI growth forecast at new high

08-09-2010 11:06 BJT

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Growth of China's consumer price index, a main gauge of inflation, is expected to reach a new high in July. Several institutions are forecasting it could surpass the country's 3 percent alert level.

Haitong Securities predicts CPI growth for July will hover around 3.5 percent, adding pressure to potential inflation risks. While Industrial Securities and Shenyin Wanguo Securities both say the index will increase 3.3 percent. They attribute the rise to higher prices of meat and vegetables caused by extreme weather.

Given slowing economic growth, some institutions see moderate inflation for the coming months. But the central bank isn't raising interest rates. Other analysts say food prices are unlikely to continue their upward trend in the coming months. The official CPI figure is set to be released on Wednesday.

Editor:Xiong Qu |Source: CNTV.CN

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