Chinese inflation in November accelerated to 1.5%

Moscow. December 9. The rate of growth of consumer prices in China in November slowed down, with falling producer prices continued through the end of the 45th month in a row, reports Bloomberg.

Consumer inflation (CPI) last month amounted to 1.5% yoy against 1.3% in October, according to the National Bureau of statistics of China. Analysts on average had forecast a rise of prices by 1.4%.

The acceleration is due to the rise in prices of food (2.3%) and services (2.1%). Furthermore, a slower decrease in the cost of imported goods.

“We expect the pace of price growth will accelerate in 2016,” said economist across China Capital Economics Ltd. Julian Evans-Pritchard.

Producer prices (index PPI) in November fell 5.9% for the fourth month in a row. The experts expected a more significant decline – by 6%.

Most much cheaper products of the mining sector (19.9%) and other manufacturers of raw materials (10.7%).