Weakening price growth signals mild inflation

China's consumer price index, a primary barometer of inflation, rose by 2.2 percent year-on-year in November, down from 2.5 percent in October, the National Bureau of Statistics said on Sunday.

China's producer price index, which measures factory-gate prices, was up 2.7 percent year-on-year last month, with the increase narrowing for the fifth consecutive month.

The slower growth of prices last month may signal mild inflation in the coming months, which will create conditions for policymakers to moderately loosen monetary policy to ensure stable economic growth, analysts said.