Consumer price index rises by 0.7 per cent for the month, while factory-gate prices continue long decline.

China’s consumer prices rose for a second straight month in November, with inflation hitting its highest level in nearly two years, in a tentative sign that the country’s persistent deflationary pressure may be starting to ease. The national consumer price index (CPI), a major gauge of inflation, rose 0.7 per cent year on year last month, the largest increase recorded since early 2024, according to data released by the National Bureau of Statistics on Wednesday. The reading was slightly above…

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