BofA sees China CPI rising in August on food prices
BofA Securities says China CPI inflation is likely to rise to 0.7% year-on-year in August from 0.5% in July, driven mainly by food prices and supported by a favorable base effect.
China's consumer price index likely rise on food prices, according to BofA Securities in a research note.
CPI inflation is likely to rise to 0.7% on year in August, from 0.5% in July, supported by a favorable base effect, the bank says.
Food prices should provide the main push up, with vegetable pr…