0508 GMT - China's consumer-price index is likely to remain weak in the near term, according to BofA Securities. The headline CPI came in weaker than expected in July, with inflation moderating to 0.5% on year, it notes. That came in the wake of softer gains in gasoline prices, it adds. "Going forward, with the persistent weak domestic demand, and the fading of gold price base effect, we may see continued pressures in core CPI inflation as well as PPI inflation for consumer goods," BofA Securities writes in a research note.
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