China: Inflation declines in November
December 9, 2017
In November, consumer prices were flat from the previous month, down from October’s 0.1% increase. The print reflected that lower prices for food, tobacco and liquors as well as for education, culture and recreation were offset by higher prices in all the remaining categories.
Inflation fell from October’s 1.9% to 1.7% in November. The print undershot the 1.8% that market analysts had expected. Annual average inflation, meanwhile, steadied at 1.6% in November.
Producer inflation fell from 6.9% in October to 5.8% in November, slightly below analysts’ expectations of 5.9%. Annual average producer inflation rose from October’s 6.2% to 6.4% in October, marking the highest reading in over six years.