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    China CPI up 2% in November

    2012-12-10 13:40 CNTV     Web Editor: yaolan comment
    Consumers buy vegetable at a market in Nanjing, capital of east China's Jiangsu Province, Dec. 9, 2012. China's consumer price index (CPI), a main gauge of inflation, grew 2 percent year on year in November, the National Bureau of Statistics announced Sunday. The inflation rate increased from a 33-month low of 1.7 percent in October as food prices increased. (Xinhua/Dong Jinlin)

    Consumers buy vegetable at a market in Nanjing, capital of east China's Jiangsu Province, Dec. 9, 2012. China's consumer price index (CPI), a main gauge of inflation, grew 2 percent year on year in November, the National Bureau of Statistics announced Sunday. The inflation rate increased from a 33-month low of 1.7 percent in October as food prices increased. (Xinhua/Dong Jinlin)

    The inflation figure for November came as no surprise since weekly monitoring data released by China's Ministry of Commerce earlier this month also forecast rising prices in items closely related to daily life.

    In addition to vegetable prices, prices of rice and cooking oil also posted a big year-on-year increase of 3.8% and 4.1% respectively.

    Meanwhile, the increase in the average price of clothing and the cost of buying or renting houses surpassed the inflation rate, by 2.3% and 2.6% year-on-year respectively. But it's worth noting that the prices of meat products and fruit had decreased.

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