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DE | Anytime | Flash | China’s November CPI Surged On Food Prices; PPI Slowed – 12/08/2021
China’sConsumer Prices surged 2.3% YoY in November after jumping 1.5% in October, refreshing the highest record since September 2020. While pork prices remained contracted compared with a year ago, they reversed to rise 12.2% from the prior month after falling for nine months. Other food prices such as fresh vegetables (30.6% from 15.9%), eggs (20.1% from 14.3%) kept soaring. Energy prices continued to widen gains, fueling headline inflation. Excluding Food and Energy, the Core CPI edged down to 1.2% YoY after a 1.3% rise.