China’s key inflation gauge slowed further in November, data showed on Wednesday, adding to concerns of cooling activity in the world’s second-largest economy.
The consumer price index rose 1.4 percent from the year-ago period – the lowest reading since November, 2009 – below a Reuters forecast for a 1.6 percent increase and slower than October’s 1.6 percent rise.
Month-on-month, prices fell 0.2 percent, below expectations for a flat reading and compared with a flat reading in October. “The numbers are along the lines that everybody expected – a trajectory of a slowdown,” Peter Alexander, managing director at Z-Ben Advisors, told CNBC.
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