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China's November inflation rises

Source : IANS
Last Updated: Sun, Dec 09, 2012 14:30 hrs

Beijing, Dec 9 (IANS) China's consumer price index, a main gauge of inflation, grew 2 percent year on year in November, the National Bureau of Statistics announced Sunday.

The inflation rate rose from a 33-month low of 1.7 percent in October as food prices increased, Global Times said.

On a month-on-month basis, November's CPI rose 0.1 percent from the previous month, according to a statement posted on the website of the NBS.

"The November growth rate was largely attributable to a surge in food costs," said Wang Jun, an expert with the China Centre for International Economic Exchanges.

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