China's Consumer Prices Rise in NovemberConsumer prices in China rose 0.7 percent in November over the previous month owing to seasonal hikes of vegetable prices.The National Bureau of Statistics (NBS) said Tuesday, December 12, that periodical factors, such as a 15-percent hike of vegetable prices during the winter season, were the main reason for the rise. When excluding the impact of higher vegetable prices, the national average of consumer prices was only 0.07 percent higher than in October. Other factors contributing to the rise of consumer prices were higher rent, gas and water prices in some areas of the country, according to the NBS. In November, the national average of consumer prices was 1.3 percent higher than one year ago. The accumulated average of consumer prices during January-November was 0.2 percent higher than in the same period last year. |
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