China inflation: consumer price growth accelerates due to rising food costs, but factory-gate prices ‘level off’

Source: China – South China Morning PostChina’s consumer prices rose last month largely due to the price of fresh vegetables increasing by over 30 per cent, but factory-gate inflation eased, data released on Thursday showed.China’s official consumer price index (CPI) rose by 2.3 per cent in November from a year earlier, up from a rise of 1.5 per cent in October, the National Bureau of Statistics (NBS) said. This was below the expectations of analysts in a Bloomberg survey, which had predicted a rise to 2.5 per cent, but is the…Read More

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