China's Inflation Rises to 2% in November


In November, the consumer price index (CPI) went up by 2.0 percent year-on-year. The prices grew by 2.1 percent in cities and 1.9 percent in rural areas. The food prices went up by 3.0 percent, while the non-food prices increased by 1.6 percent. The prices of consumer goods went up by 1.9 percent and the prices of services grew by 2.3 percent.

In November, food prices went up by 3.0 percent year-on-year, affecting nearly 0.95 percentage points increase in the overall price level. The biggest 11.3 percent rise was recorded for Prices Of fresh vegetables. Prices for tobacco and liquor went up by 1.7 percent year-on-year, of which, that of liquor was up by 3.3 percent and tobacco was up by 0.6 percent. Prices for clothing rose by 2.3 percent year-on-year. Prices for health care and personal articles grew by 1.6 percent year-on-year. Prices for transportation and communication kept at the same level year-on-year. Prices for household facilities, articles and maintenance services went up by 1.5 percent year-on-year, of which, prices for household services and processing, maintenance services, up by 9.7 percent, and durable consumer goods remained at the same level. Prices for recreation, education, culture articles and services grew by 0.9 percent year-on-year. Of which, education service, up by 2.6 percent, recreation and culture, up by 2.5 percent, touring and outing, up by 0.5 percent, durable consumer goods for recreational and cultural use and services, down by 5.0 percent. Prices for residence went up by 2.6 percent year-on-year. Of which, prices for water, electricity and fuel, up by 3.9 percent, house renting, up by 2.9 percent, building and building decoration materials rose by 0.4 percent.

TradingEconomics.com
12/10/2012 7:25:41 PM