According to data from the National Bureau of Statistics, the consumer price index rose by 3.1% on yearly basis, exceeding expectations for a 3% rise and rose by 0.1% in November on monthly basis.
While core consumer prices (excluding food and energy) stabilized at 2.7% in line with market expectations. Inflation has grown at its fastest pace since March 2012.
Statistics indicated that food prices rose by 4.1%, the biggest growth since September 2013, as they were the biggest factors causing inflation to rise at that pace.
Producer price inputs jumped by 1.8% on a monthly basis, against expectations of only 1.6%, while PPI rose by 0.3%.
