China’s CPI up 0.2% YoY; PPI down 2.5% YoY in November

It rose by 0.3 per cent YoY and fell by 0.3 per cent MoM in October, said NBS chief statistician Dong Lijuan.

China’s CPI was up by 0.2 per cent YoY and slipped by 0.6 per cent month on month (MoM) in November, official statistics show.
Core CPI, which excludes food and energy prices, rose by 0.3 per cent YoY in November—up from 0.2 per cent in October.
The country’s producer price index fell by 2.5 per cent YoY and increased by 0.1 per cent MoM in November.

Core CPI, which excludes food and energy prices, rose by 0.3 per cent YoY in November—up from 0.2 per cent in October.

The country’s producer price index (PPI), which measures costs for goods at the factory gate, fell by 2.5 per cent YoY in November, narrowing from the 2.9-per cent YoY decline in October. On a MoM basis, it increased by 0.1 per cent last month from a decrease of 0.1 per cent in October.

Lijuan attributed the improvement in PPI to the recovering domestic demand, driven by the implementation of existing policies and incremental policies aimed at shoring up the economy, a state-controlled media outlet reported.

From January to November, the average PPI decreased by 2.1 per cent YoY.

Fibre2Fashion News Desk (DS)