China inflation picks up as CPI hits 8-month high

Despite the annual rise, consumer prices dipped slightly on a monthly basis, easing 0.1 per cent as seasonal factors and softer non-food prices moderated overall cost pressures. Core inflation climbed 1.2 per cent YoY, said Chinese media, quoting NBS data.

Meanwhile, China’s factory-gate prices remained under pressure as producer price index (PPI) fell 2.2 per cent YoY in November.

ALCHEMPro News Desk (SG)