CPI slows to a 3-month low in Novem­ber

China Daily (Canada) - - NEWSCAPSULE -

China’s Novem­ber Con­sumer Price In­dex eased to a three­month low of 3 per­cent year-onyear from 3.2 per­cent in Oc­to­ber, the Na­tional Bureau of Sta­tis­tics (NBS) said.

An­a­lysts said that the con­tin­u­ing de­fla­tion of fac­tory-prod­uct prices should raise more con­cerns than the re­ced­ing con­sumer in­fla­tion.

The Pro­ducer Price In­dex con­tracted 1.4 per­cent in Novem­ber from a de­crease of 1.5 per­cent in Oc­to­ber. The in­dex has re­mained in neg­a­tive ter­ri­tory for 21 con­sec­u­tive months.

The long-term PPI de­fla­tion in­di­cates se­ri­ous prob­lems of in­dus­trial over­ca­pac­ity and weak mar­ket de­mand, which may deeply in­flu­ence the de­vel­op­ment of the real econ­omy, said Lu Fengy­ong, a re­searcher at the Na­tional Academy of Eco­nomic Strat­egy at the Chi­nese Academy of So­cial Sciences, a gov­ern­ment think tank. (Photo 3)

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