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China's inflation growth rebounds in November
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CHINA'S inflation growth rebounded in November due to higher food costs, but economists said it did not mean a track change from deflationary risks.
The Consumer Price Index, the main gauge of inflation, expanded 1.5 percent from a year earlier last month, up from the increase of 1.3 percent in October, the National Bureau of Statistics said today.
The pickup was largely a result of faster growth in food costs, which account for nearly one-third in the CPI basket. It added 2.3 percent in November, accelerating from the rise of 1.9 percent a month earlier. Prices in the non-food sector rose 1.1 percent, a bit higher than the pace of 0.9 percent registered in October.
Yu Qiumei, a researcher at the bureau, said bad weather in China's northern areas disrupted the supply of food in the month, and thus led to higher prices of meat and fresh vegetable in particular. "But the affect won't last long with the normalization of weather," Yu said.
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