China: Inflation in November rebounds from October's five-month low
December 9, 2015
In November, consumer prices were flat over the previous month, which followed the 0.3% decrease tallied in October. The monthly reading mainly reflected that lower prices for recreation, education and cultural services as well as for transportation and communications were offset by higher costs for clothing and healthcare.
Inflation rose from October’s five-month low of 1.3% to 1.5% in November. The print overshot the 1.4% that market analysts had expected. As a result, the trend stabilized in November, with annual average inflation remaining at the previous month’s 1.4%. This marked, nevertheless, an over-five-year low.
Meanwhile, the producer price index fell 5.9% in November over the same month last year, which mirrored October’s decline. The print was a notch above the 6.0% drop that market analysts had expected. The annual average variation of the producer price index decreased from minus 4.7% in October to minus 5.0% in November, which represented the lowest value since December 2009.