China Inflation Rate Falls to 4.2 percent in November

Inflation Rate in China eased to 4.2 percent in November from 5.5 percent in October, the National Bureau of Statistics said. The rate cooled for a fourth consecutive month, after peaking at 6.5 percent in July.

Food inflation slowed to 8.8 percent from 11.9 percent in October. The prices of pork, a major component of Chinese food price basket, climbed 26.5 percent from a year earlier, but slower than 38.9 percent in October.

Non-food prices were up 2.2 percent, moderating from 2.7 percent increase in the previous month. The housing cost index increased at a slower pace of 3 percent year-on-year.

Costs of transportation and communication rose 0.5 percent year-on-year. Costs of water, electricity and fuel rose 1.2 percent, decelerating from 3.5 percent rise in the preceding month.

China Inflation Rate Falls to 4.2 percent in November, National Bureau of Statistics China
12/9/2011 12:03:00 PM