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China's CPI up 4.5%, PPI down 1.4% in November

China's consumer price index (CPI), a main gauge of inflation, rose by 4.5 percent year on year in November, the National Bureau of Statistics (NBS) reported on Tuesday.

Food prices climbed by 19.1 percent year on year, and non-food prices rose by 1.0 percent year on year.

The price of fruit dropped by 6.8 percent while that of vegetables increased by 3.9 percent. Pork price rose by 110.2 percent.

On a month-on-month basis, the CPI went up by 0.4 percent last month, the NBS said.

The producer price index (PPI), which measures costs for goods at the factory gate, dropped 1.4 percent year on year in November, according to the NBS.

The price of production goods decreased by 2.5 percent year on year, resulting in a 1.84-percentage drop of the PPI.

In breakdown, the prices of mining industries dropped by 1.4 percent year on year. The prices of raw materials industries fell by 5.0 percent, and those of processing industries fell by 1.6 percent.

Meanwhile, November's trade data released on Sunday also showed that China's domestic demand is firm and strong as imports last month rose by 0.3 percent from a year ago, the first time since April this year.

CGTN Published:2019-12-1110:36:29

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