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According to a survey of 18 leading Chinese economists, China's CPI will peak in August. China's July CPI rose 3.3 percent from a year earlier, the fastest rate since October 2008.
The economists surveyed predict that August's CPI will be 3.41 percent, setting a fresh high for the year. But most think inflationary pressure will ease in the remaining months, due to China's slower economic growth rates and a fall in the price of industrial goods.
They also believe that consumer prices will follow a mild downward trend, in the second half of the year.