China's CPI up 2.2%, PPI up 2.7 % in November

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China's consumer price index (CPI) and producer price index (PPI) increased 2.2 percent and 2.7 percent respectively in November year-on-year, official data showed on Sunday.

On a yearly basis, the CPI gained 2.1 percent from a year earlier in the first 11 months, according to the National Bureau of Statistics (NBS).

On a monthly basis, China's CPI and PPI edged down 0.3 percent and 0.2 percent respectively last month, slower than in October.

The data showed that food prices jumped 2.5 percent from November 2017. Prices of fruits, vegetables, and eggs climbed 13.3 percent, 1.5 percent, and 5.2 percent respectively, year-on-year.

Affected by hog cholera, the pork price dropped 1.1 percent last month year-on-year, continuing a sixth-month decline.

Non-food prices rose 2.1 percent from a year earlier. Housing rent, for example, surged 2.4 percent year-on-year, contributing to a 0.52 percentage point rise of the CPI.

A cable factory in Yichang City, central China's Hubei Province / VCG Photo

The PPI, which measures costs for goods at the factory gate, surged 3.8 percent than from last year during the January to November period.

Specifically, the price of production goods increased 3.3 percent year-on-year, resulting in a 2.47 percentage rise of the PPI.