China’s inflation is likely to have seen a modest rebound in June, according to forecasts by research agencies ahead of the official announcement of the figure next week, but economists said Monday there will not be further inflationary pressure amid a cooling economy.
The consumer price index (CPI), a main gauge of inflation, is expected to rise to 2.6 percent for June, driven by rising pork prices and a low base of comparison last year, Tang Jianwei, a senior macroeconomic analyst at Bank of Communications, told the Global Times Monday.
In May, the CPI reading rose by 2.1 percent compared to a year earlier, according to data from the National Bureau of Statistics (NBS).
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Li Qiaoyi via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/bXzWTsuDHeY/
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