China CPI ticks higher in Nov, beats estimates

FXStreet (Mumbai) – The consumer prices in the world’s second largest economy, China, ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov.

The uptick in price pressures was mainly seen on the back of higher demand in health care, personal activities and transportation sector.

While the PPI stood flat at -5.9% y/y in Nov, a tad better than -6.0% y/y expectations.

The consumer prices in the world’s second largest economy ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov.

(Market News Provided by FXstreet)