China’s consumer price index (CPI), a main gauge of inflation, grew 2 percent year on year in November, the National Bureau of Statistics announced Sunday.
The inflation rate increased from a 33-month low of 1.7 percent in October as food prices increased.
On a month-on-month basis, November’s CPI rose 0.1 percent from the previous month, according to a statement posted on the website of the NBS.
Food prices, which account for nearly one-third of the weighting in the calculation of China’s CPI, rose 3 percent in November from one year earlier, pushing the CPI up 0.95 percentage points.
Vegetable prices jumped 11.3 percent year on year in November as cold weather disrupted supplies, pushing the CPI up 0.27 percentage points. Prices for aquatic products gained 4.9 percent from one year earlier, according to the statement.