Half Of Chinese Expect Inflation To Worsen, Survey Finds

From AFP:

Half the people living in China’s cities expect prices to continue to rise in coming months, state media reported on Thursday, citing a central bank survey.

The survey, which covered nearly 20,000 people in 49 cities, found that for the second quarter of the year 50.5 percent thought would still go up in the next three months, the China Daily said.

People deeming prices “too high” reached 45.0 percent, up 15.5 percentage points from a year ago, but declining for the first time since 2007 from the 49.2 percent recorded in the first quarter of this year, it said.

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