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National Bureau of Statistics: November CPI up 2 Percent Compared to the Same Period Last Year

According to statistics reported by the National Bureau of Statistics of China, the November CPI was up 2 percent when compared to the same period last year. The CPI grew 2.1 percent among urban residents and 1.9 percent in the countryside. The report said that the price of food went up 3 percent while the price of non-food items went up 1.6 percent. The price for consumables was up by 1.9 percent and the service sector was up 2.3 percent.

Compared to October, the November CPI was 0.1 percent higher. The CPI in urban areas went up by 0.1 percent, while the countryside went up by 0.2 percent; the price of food was up by 0.4 percent and non-food prices were flat. The price of consumables was up by 0.3 percent while the prices in the service sector were down by 0.3 percent.

Source: Xinhua, December 9, 2012