Consumer price growth in China missed expectations in November, reflecting persistent economic weakness, despite recent monetary policy easing.
The consumer price index (CPI), a key measure of inflation, rose by 0.2 per cent year on year last month, slowing from a 0.3 per cent increase in October, the National Bureau of Statistics (NBS) said on Monday.
This figure fell short of the 0.4 per cent growth forecast in a Bloomberg survey of economists.
China’s CPI growth has remained around zero since March last year, raising market concerns about deflationary pressure and sluggish demand.
Meanwhile, the producer price index (PPI), which measures factory-gate costs, dropped by 2.5 per cent last month, marking the 26th consecutive month of declines, compared with a fall of 2.9 per cent in October.
