China Consumer Prices Rose Less-Than-Estimated 3% in NovemberBloomberg News
China’s inflation slowed more than estimated in November as the decline in factory-gate prices eased, government data showed today.
The consumer-price index rose 3 percent from a year earlier, the National Bureau of Statistics said today in Beijing. That compares with the 3.1 percent median estimate of 43 analysts surveyed by Bloomberg News and a 3.2 percent increase in October. The producer-price index fell 1.4 percent, compared with a median projection for a 1.5 percent decline.
Premier Li Keqiang is trying to keep consumer-price gains within a 2013 target of 3.5 percent as the government starts implementing the broadest economic-policy reforms since the 1990s, unveiled after a Communist Party summit last month. Customs data yesterday showed imports rose less than estimated in November while export growth accelerated, pushing the trade surplus to the widest in more than four years.
Producer prices fell from a year earlier for the 21st month, marking the longest period of declines since a 31-month streak running from 1997 to 1999.
— With assistance by Scott Lanman