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China's November PPI falls, CPI soars to near eight-year high

China's November PPI falls, CPI soars to near eight-year high
FILE PHOTO: A resident selects ginger at a supermarket in Beijing, China January 2, 2018. REUTERS/Jason Lee/   -   Copyright  Jason Lee(Reuters)
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BEIJING (Reuters) – China’s producer prices in November fell 1.4% from a year earlier, official data showed on Tuesday, weighed by weak demand and slumping exports, keeping pressure on Beijing to launch more stimulus measures.

Analysts had expected factory-gate prices to fall 1.5% year-on-year, compared with a 1.6% drop in October.

The consumer price index rose 4.5% in November from a year earlier, the fastest pace seen since January 2012, beating analysts’ expectations of 4.2% and October’s 3.8% rise.

(Reporting by Lusha Zhang and Huizhong Wu; Editing by Jacqueline Wong)

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