China Inflation Rate Slows to 3% in November


In November of 2013, the annual consumer price index went up by 3.0 percent, down from an eight-month high of 3.2 percent in October, due to lower food prices. Inflation for the first 11 months of 2013 came in at 2.6 percent, below the government's full-year target of 3.5 percent.

Year-on-year, the inflation rate rose 3.0 percent in cities and 3.1 percent in rural areas. The food prices went up by 5.9 percent, slowing fom a 6.5 percent rise in October. Non-food cost increased by 1.6 percent, the prices of consumer goods went up by 2.9 percent and the prices of services grew by 3.3 percent. 

On a monthly basis, prices decreased 0.1 percent, the first fall in six months (-0.1 percent in cities and remained at the same level in rural areas). While the food prices went down by 0.2 percent, the non-food prices and cost of consumer goods remained at the same level. Prices of services decreased 0.2 percent.

China Inflation Rate Slows to 3% in November


National Bureau of Statistics of China | Joana Taborda | joana.taborda@tradingeconomics.com
12/9/2013 9:46:35 AM