Bank forecast July CPI rise 3.5%

Xinhua News (reporter Gaochenwu) yesterday, the Bank of Communications Financial Research Center released a forecast report, since July, domestic food prices overall in the process of continuous recovery, comprehensive judgment, the CPI is expected to increase year-on-year in the 3.3%-3.7%, take the number of digits, the forecast for July CPI year-on-year growth of about 3.5%,　　The rise will exceed 3.1% in May and create a new Year's record. Tang Jianwei, senior macro analyst at the Jin Research Center, said that while prices may still be rising in the short term, inflationary pressures will gradually ease in the second half of the year, after the three-quarter CPI and PPI will peak.