China’s annual inflation below expectations at 0.2% in November

By Gokhan Ergocun

ISTANBUL (AA) - China’s annual inflation rate stood at 0.2% in November, falling short of market expectations of 0.5%, the National Bureau of Statistics reported Monday.

Food prices rose by 1.0% year-on-year, while non-food and consumer goods prices remained flat. Service prices increased by 0.4% compared to the previous year.

For the first 11 months of the year, China’s inflation rate averaged 0.3%.

On a month-on-month basis, consumer prices in November dropped by 0.6%.