SteelOrbis Shanghai
In November, China's producer price index (PPI) industrial products decelerated sharply to an annual rise of 2.0 percent, the slowest growth for the PPI since May 2006. The PPI rose 1.9 percent in April 2006, and then increased 2.4 percent in the following May. Since then, the PPI growth rates have always been above 2.0 percent. In 2008, the PPI peaked at 10.1 percent in August and then moved on a downward trend, with the growth of 9.1 percent in September and 6.6 percent in October. In November, the PPI was up by only 2.0 percent, the third consecutive month that a slowdown was recorded in the PPI growth rate. From January to November, the PPI rose 7.6 percent year on year.
Meanwhile, in November, China's overall consumer price index (CPI) grew by 2.4 percent year on year, down by 1.6 percentage point compared with the growth rate in October, marking the lowest level in 22 months. From January to November, China's CPI rose by 6.3 percent year on year. Experts estimate that the central bank will probably cut the interest rate again within the current year.