China’s inflation rate rose last month

Data from the Chinese National Bureau of Statistics released today, Thursday, showed that consumer prices rose in November by 2.3% annually, which is less than the expected increase rate of 2.5% after a 1.5% increase in prices in October.
On a monthly basis, the rate of consumer price inflation in China during the past month reached 0.4%, exceeding expectations that were 0.3% after reaching 0.7% during the previous month.In a separate statement, the National Bureau of Statistics said that producer prices (wholesale) rose in China last month by 12.9% annually, which is more than expectations of 12.4% after rising by 13.5% annually during last October.

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