China's inflation exceeds 6% in July
BEIJING: Ahead of the official data on the rate of inflation for the past month in China on Tuesday, experts expect to exceed the average 6 percent, driven by runaway prices of food.
According to forecasts for several local institutions of the securities reported in the "people" that China's consumer price index in July, a leading indicator of inflation, is expected to exceed the highest rate in three years and registered in June and of 6.4 percent.
Estimated the institution, "Scheinin Land and Anicoh" which is based in Shanghai-based company, to grow the consumer price index by 6.7 percent last month, higher by 0.3 percentage points from the figure in June, mainly due to the rapid rise in food prices, adding that commodity prices and housing will remain the main focus of policies to control the overall economy in China.
For its part, reported China's Industrial Bank Co. Ltd. also said the index will grow by 6.5 percent in July, adding that he may grow more than that throughout the year.
Said Lu Zhengwei, chief economist at the markets, "CIB" financial that would be a "major challenge" to China put the consumer price index under 5 percent this year / noting that he expected a rise in interest rates in August, when will the proportion of reserve requirements of the Bank Central unchanged.
BEIJING: Ahead of the official data on the rate of inflation for the past month in China on Tuesday, experts expect to exceed the average 6 percent, driven by runaway prices of food.
According to forecasts for several local institutions of the securities reported in the "people" that China's consumer price index in July, a leading indicator of inflation, is expected to exceed the highest rate in three years and registered in June and of 6.4 percent.
Estimated the institution, "Scheinin Land and Anicoh" which is based in Shanghai-based company, to grow the consumer price index by 6.7 percent last month, higher by 0.3 percentage points from the figure in June, mainly due to the rapid rise in food prices, adding that commodity prices and housing will remain the main focus of policies to control the overall economy in China.
For its part, reported China's Industrial Bank Co. Ltd. also said the index will grow by 6.5 percent in July, adding that he may grow more than that throughout the year.
Said Lu Zhengwei, chief economist at the markets, "CIB" financial that would be a "major challenge" to China put the consumer price index under 5 percent this year / noting that he expected a rise in interest rates in August, when will the proportion of reserve requirements of the Bank Central unchanged.
