Retail

China's CPI up 0.2% YoY; PPI down 2.5% YoY in November

09 Dec '24

1 min read

China's CPI up 0.2% YoY; PPI down 2.5% YoY in November

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China's CPI was up by 0.2 per cent YoY and slipped by 0.6 per cent month on month (MoM) in November, official statistics show.
Core CPI, which excludes food and energy prices, rose by 0.3 per cent YoY in November—up from 0.2 per cent in October.
The country's producer price index fell by 2.5 per cent YoY and increased by 0.1 per cent MoM in November.

China's consumer price index (CPI) was up by 0.2 per cent year on year (YoY) and slipped by 0.6 per cent month on month (MoM) in November this year, according to the National Bureau of Statistics (NBS). CPI is a primary determinant of inflation.

It rose by 0.3 per cent YoY and fell by 0.3 per cent MoM in October, said NBS chief statistician Dong Lijuan.

Core CPI, which excludes food and energy prices, rose by 0.3 per cent YoY in November—up from 0.2 per cent in October.

The country's producer price index (PPI), which measures costs for goods at the factory gate, fell by 2.5 per cent YoY in November, narrowing from the 2.9-per cent YoY decline in October. On a MoM basis, it increased by 0.1 per cent last month from a decrease of 0.1 per cent in October.

Lijuan attributed the improvement in PPI to the recovering domestic demand, driven by the implementation of existing policies and incremental policies aimed at shoring up the economy, a state-controlled media outlet reported.

From January to November, the average PPI decreased by 2.1 per cent YoY.

Fibre2Fashion News Desk (DS)

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