May inflation likely to fall

China's inflation in May is likely to fall from recent highs, but upstream inflationary pressure may have continued to build up, analysts said.

The nation's consumer price index is expected to grow 7.7 percent year-on-year in May, compared with 8.5 percent in April, said Goldman Sachs' economists Liang Hong and Song Yu in a research note.

Ken Peng, an economist with Citigroup said the May inflation rate could be 7.8 percent compared with a year ago.