China's CPI rises 0.7% in November, highest since March 2024
China's Consumer Price Index (CPI) was up 0.7% on-year in November, the highest annual rate since last March, the official data showed Wednesday, Qazinform News Agency cites CGTN.
The data from the National Bureau of Statistics (NBS) recorded a 0.7% year-over-year increase in China's Consumer Price Index, rising from October’s 0.2% growth.
The uptick was mostly attributed to rising food prices in November. Apart from food and energy categories, core CPI increased 1.2 percent, remaining above 1 percent for the third month in a row.
On a month-on-month basis, the CPI edged down 0.1 percent last month, the NBS data showed.
The data also revealed the Producer Price Index (PPI) fell 2.2 percent year on year.
Earlier, Qazinform News Agency reported Kazakhstan is to redirect oil from Kashagan to China following CPC attacks.
