BEIJING, Dec 10 (Reuters) – 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% from a year earlier, National Bureau of Statistics data showed, matching a 0.7% expansion in a Reuters poll of economists. It had increased 0.2% in October.
On a monthly basis, CPI dipped 0.1%, versus a 0.2% rise in October and a forecast rise of 0.2%.
The producer prices index (PPI) fell 2.2% year-on-year in November, compared with a 2.1% fall in October and worse than a forecast for a 2.0% drop.
(Reporting by Qiaoyi Li, Yukun Zhang and Liz LeeEditing by Shri Navaratnam)
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