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Consumer inflation may continue to fall

By Xin Zhiming | China Daily | Updated: 2008-08-08 07:53

Consumer inflation may continue to fall

China's consumer inflation may continue to decline in July, marking the second consecutive month this year that it has dropped, according to economists' estimates.

That may mean a departure from the rising spiral of inflation after it peaked at an annualized 8.7 percent in February.

Lehman Brothers economist Sun Mingchun said his team's research found the July consumer price index (CPI), the main barometer of inflation, may drop to 6.7 percent year-on-year from 7.1 percent in June.

Consumer inflation may continue to fall

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