BEIJING: China’s consumer price index (CPI), a main gauge of inflation, grew at a faster pace in November, driven by rising food prices, official data showed Wednesday.
The CPI rose 0.7 percent year-on-year in November, accelerating from October’s rise of 0.2 percent and marking the fastest pace of growth since March 2024, according to the National Bureau of Statistics (NBS).
On a monthly basis, the CPI edged down 0.1 percent last month, the NBS data showed.
The core CPI, which excludes food and energy prices, increased by 1.2 percent year-on-year last month.
Wednesday’s data also revealed that the producer price index, which measures costs for goods at the factory gate, fell 2.2 percent year-on-year in November.
