Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Chinese inflation up 2.3 per cent in November

by | May 25, 2021

Chinese market, Beijing, (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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Recent Posts

Teen from Texas Triumphs at 2025 Scripps National Spelling Bee

Teen from Texas Triumphs at 2025 Scripps National Spelling Bee

Allen, TX – In a dazzling display of linguistic prowess, 13-year-old Faizan Zaki from Allen, Texas, has etched his name in history as the champion of the 2025 Scripps National Spelling Bee. The young wordsmith secured the coveted title in the competition’s milestone...

Top Hamas leader Ismail Haniyeh killed in Israeli strike in TehranTop Hamas leader Ismail Haniyeh and one of his bodyguards were killed in an attack in Tehran on Wednesday. According to a statement by Hamas, an “Israeli strike” targeted the Palestinian official, who...

List of richest countries in the world in 2024

List of richest countries in the world in 2024

India, which ranks fifth in the list of countries by Gross Domestic Product (GDP), lags far behind in the list of the world’s richest nations based on GDP per capita in 2024. Luxembourg leads this list. According to data from the International Monetary Fund (IMF),...

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *