Date
23 October 2017

China Nov CPI up 3% on year, PPI down 1.4%, NBS says

China’s consumer price index rose 3 percent in November from a year earlier, mainly due to higher food prices, the National Bureau of Statistics (NBS) said in a statement Monday. This compares with a 3.2 percent growth in October. Food prices climbed 5.9 percent last month from a year earlier while non-food prices were up 1.6 percent, the statement said. Meanwhile, the producer price index, a supply-side inflation gauge, fell 1.4 percent in November from a year earlier, marking the 21st straight month of contraction but improving from a 1.5 percent fall in the previous month, official data showed.

– Contact HKEJ at [email protected]

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