Monday, 12 December 2005

Inflation in China up in November

Chinese economists may be worried about deflation but it is not quite showing up in the data yet.

AFP/CNA reports that consumer price inflation in China accelerated in November:

China's consumer price index (CPI) rose 1.3 percent in November compared with the same period last year, ticking up slightly from the 1.2 percent rate in October, official data showed on Monday.

According to Xinhuanet, so did house price inflation.

Housing prices of 70 Chinese cities rose on average 6.8 percent year on year in November this year, and the growth rate was 0.2 percentage points higher than October, said a report of the National Development and Reform Commission on Friday.

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