China’s CPI up to 3%

China’s consumer price index (CPI) rose a less-than-expected 3 percent in November from a year earlier, compared with a 3.2 percent rise in October, data released on Monday showed.

Analysts polled by Reuters had forecast the November CPI at 3.2 percent.  The November CPI fell 0.1 percent measured on a month-on-month basis, compared with analysts’ expectations in a Reuters poll for a flat reading.

“It’s basically the same as market exceptions. I don’t think the inflation figures will have any impact on the market today,” said Chi Lo, senior strategist, Greater China at BNP Paribas Investment Partners.

CNBC

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