China CPI ticks higher in Nov, beats estimates

Dhwani Mehta FXStreet

FXStreet (Mumbai) - The consumer prices in the world’s second largest economy, China, ticked higher in Nov, coming in at 1.5% y/y against 1.3% booked in Oct. Markets had predicted an increase of 1.4% for Nov.

The uptick in price pressures was mainly seen on the back of higher demand in health care, personal activities and transportation sector.

While the PPI stood flat at -5.9% y/y in Nov, a tad better than -6.0% y/y expectations.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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