China's consumer price index likely rose modestly in June, according to BofA Securities in a research note. BofA estimates CPI inflation to rise to 1.3% year-over-year in June, from 1.2% in May. This was mainly due to higher vegetable prices offsetting lower pork and fruit prices, the bank says. While oil prices have fallen, their still-elevated year-over-year levels continue to support non-food inflation, BofA says. PPI inflation also likely increased to 4.4% year-over-year in June from 3.9% in May, the bank says. This was supported by firmer producer goods prices, it adds. (tracy.qu@wsj.com)