China's CPI up 2.2%, PPI up 2.7% in November

China's consumer price index (CPI), a main gauge of inflation, rose 2.2 percent year on year in November, down from 2.5 percent in October, the National Bureau of Statistics (NBS) said Sunday.
calendar icon 10 December 2018
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Food prices climbed 2.5 percent year on year, contributing to a 0.49-percentage-point increase of the overall CPI growth, the bureau said.

The price of pork continued to slump in November, down 1.1 percent year on year, dragging down CPI growth by 0.03 percentage points.

On a monthly basis, the CPI dipped 0.3 percent from October.

In the Jan-Nov period, the CPI gained 2.1 percent from the previous year, well below the government's target ceiling of 3 percent for 2018, data from the NBS showed.

Sunday's data also showed producer price index (PPI), which measures costs for goods at the factory gate, rose 2.7 percent year on year in November, with the growth declining for five consecutive months.

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