The bank's research center said June or July will be the CPI year highs

Shanghai, May 6, Reuters Traffic Banking Financial Research Center 6th in the latest release of the study said that the first half of the year prices will continue to rise, is expected to appear in June or July CPI high.　　Tang Jianwei, senior macro analyst at the Bank's Financial research Center, said that the recent trend in price inflation was expected to continue as the June or July 2010 CPI Spike was the highest in the year, and the recent return of food prices to the upward trend, combined with a 7.5% rise in the April PMI purchase price index. According to the monitoring data released by the Ministry of Agriculture, the national wholesale price Base index for agricultural products fell from 168.7 in March 2010 to 168.1 in April (2000 years 100).　　The price of edible agricultural products monitored by the Ministry of Commerce was slightly lower in the four week of April, except for the first one weeks, while the remaining three weeks were in the process of continuous pick-up, which showed that the price of edible agricultural products rose by 0.6% per cent in April. The report said that the April CPI year-on-year increase in comparison with March will be a rapid rebound, reaching 2.9% or so, a new Year's record.