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China's CPI growth eases to 4.2% in November

(Xinhua)

16:19, December 09, 2011

Citizens buy vegetables in a supermarket in Chongqing, southwest China, Dec. 9, 2011. China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October mainly due to falling food prices, the National Bureau of Statistics said on Friday. The inflation rate in November was a 13-month low since October last year. (Xinhua/Li Jian)

BEIJING, Dec. 9 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 4.2 percent year-on-year in November, further weakening from 5.5 percent in October due to falling food prices, the National Bureau of Statistics (NBS) said on Friday.

November's inflation rate marked a 13-month low, according to NBS data.

On a monthly basis, the cost of living dipped 0.2 percent in November, the NBS said in a statement at its website.

"November's reading indicates that inflation is weakening faster than I had anticipated," said Zhang Monan, a deputy researcher with the Economic Projection Department of the State Information Center.

Before the NBS announcement, Zhang said she expected the November inflation rate to reach just below 5 percent, while many economists projected the CPI growth to fall between 4.2 percent to 4.4 percent year-on-year.

Zhang said the lower-than-expected inflation reading was a result of the country's macroeconomic control policies, particularly the monetary tightening policies put into place in the first half of the year.


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