China’s consumer price index rose 0.6% in November from a year earlier, the first rise in the index since February, the Wall Street Journal reported. The increase comes as Beijing attempts to bring state-controlled prices of resources more in line with their market values. Consumer prices have also been boosted by rising food prices due to inclement weather. Producer prices fell 2.1%. Economists expect consumer price inflation to remain mild despite rising commodity prices due to overcapacity in a range of industries. The National Bureau of Statistics also released data showing industrial output increased 19.2% in November, 3.1 percentage points higher than October, and the seventh consecutive month of acceleration. Retail sales in November rose 15.8%, slightly slower than the rate of growth in October.
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