Experts predict August CPI to record New Year

August 24, the National Bureau of Statistics released the 50 cities in mid-August, the average price changes in the main food, the current monitoring of 29 kinds of food prices, up to 60% varieties of prices rose. In July this year, with food prices rising, domestic CPI hit a new high in the year. Into the August, food prices continue to rise vengeance, and food prices accounted for nearly 30% of the CPI, is the main factor affecting domestic inflation.　　Several institutions expect the August CPI to be boosted by rising food prices, with Deutsche Ag expected to reach 4%.　　Industrial Bank economist Lu Commissar said that the price of food and industrial products under the double push, the August CPI is expected to exceed the annual high of 3.3%, to about 3.4%, but the CPI rally in the year has become a spent. Guo Tianyong, director of the China Banking Research Center at the Central University of Finance and Economics, said last year that the growth in money and credit had reached a record high and that the time lag effect had not yet fully emerged, and that new credit was still significant this year and underlying inflationary pressures remained. At the same time, a series of natural disasters such as droughts and floods have been expected in the mainland this year, so inflation should not be taken lightly. He suggested that the central government should strengthen its anti inflation determination to prevent economic bubbles from arising and stabilize the whole society's inflation expectations. According to the Securities Times