China's November CPI rises 0.6%, ending nine months of fall
Post Date: 12 Dec 2009 Viewed: 617
China's consumer price index (CPI), a main gauge of inflation, rose 0.6 percent year on year in November, the National Bureau of Statistics (NBS) announced Friday.
It is the first monthly growth since January, before the CPI dropped 1.6 percent in February.
The producer price index (PPI), a major measure of inflation at the wholesale level, declined 2.1 percent in November from a year earlier, according to the NBS.
The rate of decline was 3.7 percentage points lower than that in October, which was down 5.8 percent year on year.
The CPI fell 0.9 percent in the first 11 months, compared with a 6.3 percent rise in the corresponding period last year.
Retail commodity prices in urban areas were up 0.4 percent and in rural areas they rose 0.9 percent year on year last month, Sheng Laiyun, an NBS spokesman, told a press conference.
Food prices, which account for about a third of the CPI, went up by 3.2 percent year on year in November, while non-food prices dropped 0.7 percent.
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