China Inflation Rate Edges Up in November


China's annual inflation rate was recorded at 1.5 percent in November of 2015, up from 1.3 percent in the previous month and above market consensus. The politically sensitive food prices increased by 2.3 percent while non-food cost rose at a slower 1.1 percent.

Among food, upward prices pressure came from: fresh vegetables (+9.4 percent in November from +4.7 percent in October) and meat and poultry (+6.2 percent from +7.2 percent). Prices of pork also rose by 13.9 percent, following a 15.8 percent increase in the previous month. In contrast, downward pressure came from cost of: egg (-13.6 percent from -13.8 percent), fresh fruits (-7.2 percent from -9.1 percent) and liquid milk and dairy products (-0.7 percent from -1.0 percent).

For non-food categories, upward prices pressure came from: tobacco and liquor (+3.8 percent from +3.8 percent); clothing (+2.2 percent from +2.4 percent); household equipment and maintenance service (+0.8 percent from +0.8 percent); health care and personal (+2.6 percent from +2.2 percent); entertainment and educational products (+1.2 percent from +1.1 percent) and housing price (+0.7 percent from +0.6 percent). In contrast, prices declined for transport and communication (-1.4 percent from -1.9 percent).

On a monthly basis, consumer prices remained unchanged, following a 0.3 percent drop in October.

The producer price index fell by 5.9 percent in November from a year earlier, the same pace as in the previous three months. It is the deepest drop since September 2009

China Inflation Rate Edges Up in November


National Bureau of Statistics l Rida Husna | rida@tradingeconomics.com
12/9/2015 2:08:49 AM