China: Producer prices fall in November – 09/12/2022 at 07:07


An employee on a production line at a factory in Shanghai

BEIJING (Reuters) – Producer prices in China fell in November for the second straight month on weak domestic demand and lower commodity prices.

The producer price index (PPI) fell 1.3% year on year, as in October, according to data released Friday by the National Bureau of Statistics (BNS). Analysts polled by Reuters expected a decline of 1.4%.

The consumer price index (CPI) for its part rose in November by 1.6% on an annual basis, after +2.1% the previous month, as expected by analysts.

(Report Liangping Gao and Liz Lee; French version Camille Raynaud)

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