China's consumer inflation quickens in November, producer deflation persists

China's annual consumer inflation accelerated in November while producer deflation persisted, official data showed on Wednesday, as policymakers extended their campaign to curb overcapacity.

The consumer price index (CPI) rose 0.7 percent from a year earlier, National Bureau of Statistics data showed, matching a 0.7 percent expansion in a Reuters poll of economists. It had increased 0.2 percent in October.

On a monthly basis, CPI dipped 0.1 percent, versus a 0.2 percent rise in October and a forecast rise of 0.2 percent.

The producer prices index (PPI) fell 2.2 percent year-on-year in November, compared with a 2.1 percent fall in October and worse than a forecast for a 2.0 percent drop.

Reuters