China: Prices rise 6.9 percent in November

11 December 2007

Beijing, China, 11 Dec – Consumer prices in China rose 6.9 percent in November, a rise driven by food goods, the Chinese statistics office said in Beijing Tuesday.

This price rise is the highest monthly rise of the last 11 years.

In November, the rise in consumer prices was driven by an 18.2 percent increase in the food sector, which accounts for 33 percent of the basket of goods for assessing inflation.

The inflation rate from January to November totaled 4.6 percent, whilst the Chinese authorities aimed to contain it at below 3 percent, according to the statistics office. (macauhub)