China's inflation rate slows to 1.7% in November

Thanks to higher food price deflation as vegetable prices dropped.

China’s consumer price index (CPI) inflation decreased to 1.7% YoY in November from the previous month’s 1.9% driven by higher food price deflation as vegetable prices drop by 9.5%, according to Bank of America Merrill Lynch.

Non-food price inflation, on the other hand, hit 2.5% led by an uptick in household facilities, transportation and miscellaneous good and services inflation.

Producer price index (PPI) similarly eased to 5.8% YoY in November as a result of slower sequential price increases and higher annual comparison base.

In a breakdown, the monthly PPI inflation slowed across the major categories of mining, raw material and manufacturing to 1.7%, 1% and 0.3% respectively.

BofAML forecasts that CPI inflationary pressure will rise steadily towards 3% over the next two years whilst headline PPI inflation is expected to moderate as comparison base becomes higher and weakened investment growth.

Photo from Dungodung - Own work, Public Domain

Also Read

Lower private transport costs ease inflation to 2.7% YoY in March

Manufacturing-related stocks book $68m in net institutional inflows

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit