China's November PPI falls, CPI soars to near eight-year highComments
- Copyright Jason Lee(Reuters)
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)