China's CPI growth rate drops in November
(Xinhua)
Updated: 2004-12-10 15:36

The consumer price index (CPI) in China rose by 2.8 percent in November year-on-year, but dropped 0.3 percent from October.

Figures released by the National Bureau of Statistics Friday indicate that in November, CPI grew 2.4 percent in urban area and 3.6 percent in rural area over the same month last year.

In November, the price of food increased 5.9 percent year-on- year while those of consuming products and services grew 2.8 percent and 2.9 percent, respectively.

Of the food prices, grain price surged 19.2 percent in November, followed by meat, aquatic products, eggs and edible oil. However, the price of vegetable dived 14.4 percent.

The figures also show that from January to November this year, China's CPI grew 4 percent from the same period last year.

PPI up 8.1% over last November

China's Producer price index (PPI) grew 8.1 percent in November year-on-year, a 0.3 percentage point drop from October's growth rate, according to a report released by China's National Bureau of Statistics Friday.

The purchase price of raw materials, fuel and power jumped 13.7 percent year-on-year with increasing rate down 0.5 percentage point than that in October, leading the average increase to 11.4 percent in these sectors from January to November in 2004, the report says.

The PPI for production means was up 10.7 percent over last November and down 0.2 percent from October.

The PPI grew 5.9 percent in the first 11 months of this year, the report shows.