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CPI up 2.3% y-o-y, PPI up 3.3% y-o-y


12-10-2016 04:05 BJT

Now, for the latest economic data, as the National Bureau of Statistics releases November's numbers. Prices of consumer goods rose 2.3 percent from the same month last year, reading about a tenth of a percentage point higher than October.The consumer price index or CPI is the main gauge for inflation.

And experts attributed this stronger inflation growth to higher food and fuel prices. Vegetable prices jumped 5.5 percent month on month, as a cold weather front disrupted supplies, contributing slightly to overall CPI growth.

However, the prices of fruit and pork continued to fall from October. Tourism costs, including flight prices also dipped, as winter is a low season for travel. Since this January, the CPI is calculated using a new comparison base. It now includes more products and services, while slightly reducing the weighting of food..

Meanwhile, the producer price index, which measures the cost of goods at the factory gate, increased by 3.3 percent in November -- a 1.5 percent growth from October. It beat market expectations to reach a five-year high.

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