China’s annual consumer inflation unexpectedly slowed to 3 percent in November from an eight-month high of 3.2 percent, official data showed on Monday, easing market fears of imminent policy tightening amid signs of momentum in the economy.
Month-on-month, consumer prices fell 0.1 percent, against market expectations of being flat, the National Bureau of Statistics said. Food prices rose 5.9 percent in November from a year earlier, slowing from October’s 6.5 percent rise.
“Inflation will not be a big problem in the coming months and we expect monetary policy to stay neutral,” said Luo Wenbo, an economist at Xiangcai Securities in Shanghai.
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