China’s annual consumer inflation rate (CPI) decelerated in November, as outbreaks of Covid-19 inhibited domestic demand, according to official data released this Friday (9) by local time.
Research by the Chinese statistics office, known as NBS, shows that the CPI of the second largest economy in the world rose 1.6% in November compared to the same month last year, after advancing 2.1% in the annual comparison of October.
The November result, however, was slightly above the expectations of analysts consulted by the The Wall Street Journalwhich forecast a rise of 1.5%.
China’s producer inflation (PPI) had an annual drop of 1.3% in November, repeating the October variation. The consensus on the WSJ was a slightly larger retreat, of 1.5%.
Compared to October, the Chinese CPI decreased by 0.2% in November, while the PPI increased by 0.1%.
Source: CNN Brasil
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