Chinese inflation rises to 2.0 per cent

Reported by AAP
Sunday, December 9, 2012

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China's inflation rate accelerated slightly to 2.0 per cent in November, the National Bureau of Statistics says.

It is the first increase in the consumer price index since August. Inflation stood at 1.7 per cent in October.

The result compares with a median 2.1 per cent forecast for November in a survey of 12 economists by Dow Jones Newswires.

Producer prices - which measure the cost of goods as they leave factories - declined 2.2 per cent year-on-year, falling for the ninth straight month, the data showed.

Producer prices fell 2.8 per cent in October.

China's economy grew 7.4 per cent in the third quarter until the end of September, its weakest performance in more than three years and the seventh straight quarter of slowing expansion.

But recent numbers, including manufacturing, trade and industrial output, have led to optimism among economists that the world's second biggest economy is rebounding.

China is scheduled to announce industrial production, retail sales and fixed asset investment figures for October later on Sunday.

Inflation rose 2.0 per cent year-on-year in August, but fell to 1.9 per cent in September.

23/07/2014 07:15Sydney, Australia. 23 July,2014
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