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CHINA PRESS: November CPI Seen To Rise Moderately - Analysts

CHINA PRESS
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Analysts expect China’s November CPI to grow moderately, ranging from 0.15% to 0.6% y/y, compared to October’s 0.3%, Securities Daily reported. Declining food prices amid better weather and supply, falling prices of crude oil, industrial raw materials, metals and other commodities will weigh down CPI, the newspaper said citing analysts. Sources predicted PPI in November would be between -2.09% to -3.0% y/y, compared to October’s -2.9%, given low ex-factory and raw material purchase prices sub-indices in the recent manufacturing PMI, and affected by weak global oil demand, the daily said, citing analysts. China is set to release the data next Monday.

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Analysts expect China’s November CPI to grow moderately, ranging from 0.15% to 0.6% y/y, compared to October’s 0.3%, Securities Daily reported. Declining food prices amid better weather and supply, falling prices of crude oil, industrial raw materials, metals and other commodities will weigh down CPI, the newspaper said citing analysts. Sources predicted PPI in November would be between -2.09% to -3.0% y/y, compared to October’s -2.9%, given low ex-factory and raw material purchase prices sub-indices in the recent manufacturing PMI, and affected by weak global oil demand, the daily said, citing analysts. China is set to release the data next Monday.