China CPI Rose on Rising Food Prices

China’s consumer price index (CPI), rose by 4.5% year on year in November, the National Bureau of Statistics reported on Tuesday. Food prices climbed by 19.1% year on year, while non-food prices rose by 1.0%, according to the report.

In breakdown, the prices of mining industries dropped by 1.4%year on year. The prices of raw materials industries fell by 5.0%, and those of processing industries fell by 1.6%.

Pork price rose by 110.2% in the month on year, the price of fruit dropped by 6.8% while that of vegetables increased by 3.9%, according to the report. On month-to-mnth basis, the CPI went up by 0.4% last month, the NBS said.

The producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.4% year on year in November, according to the data bureau.

-ACMR News

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