Chinese inflation up 2.3 per cent in November

Beijing, Dec 9 (IANS) China's consumer price index, a main gauge of inflation, grew 2.3 per cent year on year in November, up from October's 2.1 per cent, the National Bureau of Statistics (NBS) said on Friday.

On a month-on-month basis, the CPI rose 0.1 per cent in November, Xinhua news agency reported.

NBS statistician Sheng Guoqing attributed the stronger growth of inflation to higher food and fuel prices.

Vegetable prices jumped 5.5 per cent month on month as a cold weather front disrupted supplies, contributing 0.14 percentage points to the CPI growth.

On a year-on-year basis, vegetable prices soared 15.8 per cent, compared with 13 per cent increase in October.

Prices of petrol, diesel, gas, coal, water and electricity also increased last month.

However, prices of fruit and pork continued to fall from October, down 2.2 per cent and 1.9 per cent.

In addition, tourism costs including flight prices dipped as the winter is a low season for travel.

Since January 2016, CPI has been calculated using a new comparison base and included more products and services, while slightly reducing the weighting of food.

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