Econom­ic pressu­res persis­t despit­e robust export­s, manufa­cturin­gBEIJING: China’s consumer inflation slowed more than expected in November and factory prices decelerated sharply, official data showed Saturday, as economic pressures persist despite robust exports and manufacturing. Food price stability slows down pace of inflationThis easing was greater than forecast, with Bloomberg analysts predicting a rise of 1.8% in the world’s second largest economy. Food prices continued to fall, with the CPI’s biggest component dropping by 1.1% year-on-year and only fresh fruit and lamb showing a rise. Outside the food and energy sectors, inflation posted a rise of 2.3%, stable compared to October. “The CPI drop was mostly driven by the decline in food prices, while PPI fell because the base last year was too high,” Tommy Xie, an economist at OCBC in Singapore.

Source: The Express Tribune December 10, 2017 04:30 UTC