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The Chinese National Bureau of Statistics released its consumer and producer price inflation data for China on Wednesday. The Chinese consumer price index (CPI) rose at annual rate of 1.5% in November, exceeding expectations for a 1.4% increase, after a 1.3% gain in October.
Food prices rose at an annual rate of 2.3% in November, while non-food prices increased 1.1%.
On a monthly basis, consumer price inflation was flat in November, after a 0.3% fall in October.
The Chinese producer price index (PPI) dropped 5.9% in November, in line with expectations, after a 5.9% decline in October.
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