USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Macro

China's July inflation rate to drop slightly: Research

Xinhua | Updated: 2017-07-31 10:06

China's July inflation rate to drop slightly: Research

A woman chooses canned food at a supermarket in Qingdao, Shandong province, on Sep 9, 2016.[Photo/For China Daily]

BEIJING - China's consumer prices will continue to rise in July but the growth rate will likely slow due to tame food prices and a weakening carry-over effect, according to a research note by the Bank of Communications.

The consumer price index (CPI), a main gauge of inflation, is expected to increase 1.4 percent year on year this month, retreating slightly from the 1.5-percent expansion registered in both June and May, the research note said.

The bank mainly attributed the lower rate to lackluster food prices, which will edge down 0.4 percent on a month on month basis. Besides, the carry-over effect will become weaker after hitting the highest level this year.

Non-food price growth meanwhile will basically maintain the same pace with that of June.

The National Bureau of Statistics will release its official CPI data on Aug 9.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US