REPEAT:MNI:China CPI Slows On Food Prices;PPI Down As Expected

--Repeating to Correct Table Formatting

     BEIJING (MNI) - Data released Saturday by the National Bureau of Statistics

on China's Consumer Price Index (CPI) and Producer Price Index (PPI):

                         CPI           PPI

------------------------------------------

November                 1.7           5.8

Forecast Median          1.8           5.8

Previous                 1.9           6.9

     All figures year-over-year % change unless otherwise indicated

     FACTORS:

                             Nov          Oct

---------------------------------------------

CPI m/m                      0.0         +0.1

Food price y/y              -1.1         -0.4

Non-food price y/y          +2.5         +2.4

PPI m/m                     +0.5         +0.7

     CONSUMER PRICE INDEX

     China's Consumer Price Index decelerated to 1.7% year-on-year in November

from the 1.9% rise in October. The November result was below the MNI survey

median forecast for a 1.8% rise.

     Food prices fell 1.1% y/y in November, the tenth decline in a row,

following a 0.4% y/y drop in October. 

     Non-food prices rose 2.5% year-on-year in November, accelerating from the

2.4% rate posted in October. 

     The CPI was flat m/m last month after a 0.1% gain in October. CPI had

posted m/m rises every month from June to October.  

     PRODUCER PRICE INDEX

     China's Producer Price Index rose 5.8% year-on-year in November, matching

the MNI survey median forecast and much lower than October's rate at 6.9%.

November marks the 15th consecutive month that the PPI rate has been positive

since it exited negative territory in September 2016.

     On a month-over-month basis, the PPI rose 0.5% in November compared to a

0.7% gain the month before. November PPI rose m/m for the fifth consecutive

month. 

--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com

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