A survey of Chinese households by the People’s Bank of China (PBoC) showed that Chinese consumers expect higher prices in the next quarter, Bloomberg reported. Based on a sample of 20,000 households in 50 cities around the country, respondents expecting higher prices rose to 46.2% from 42.4% in the previous three months. Although the number of households expecting price inflation rose, those who said that prices were already “too high to accept” declined 0.6% to 58.3%. According to forecasts by investment bank China International Capital, China’s inflation is expected to peak in October this year before slowing into the winter. Inflation in the mainland reached a 22-month high in August this year.
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