China CPI up 2% in November

The inflation figure for November came as no surprise since weekly monitoring data released by China’s Ministry of Commerce earlier this month also forecast rising prices in items closely related to daily life.

In addition to vegetable prices, prices of rice and cooking oil also posted a big year-on-year increase of 3.8% and 4.1% respectively.

Meanwhile, the increase in the average price of clothing and the cost of buying or renting houses surpassed the inflation rate, by 2.3% and 2.6% year-on-year respectively. But it's worth noting that the prices of meat products and fruit had decreased.