China's inflation expected to rebound in November

BEIJING, Dec. 3 (Xinhua) -- Experts have predicted that China's inflation for November is expected to pick up on rising food prices following a two-month drop in the consumer price index (CPI), a main gauge of inflation.

Soon-to-be-released economic data for November is expected to show the CPI expanding at 2.1 percent year on year, driven by an increase in food prices, the Monday edition of the China Securities Journal quoted a report from the Industrial Bank as saying.

Lian Ping, chief economist at the Bank of Communication, echoed the prediction, saying rises in the prices of pork and vegetables contributed to the climbing CPI growth.

According to monitoring data from the Ministry of Commerce, prices for agricultural produce gained for a fourth consecutive week at the end of November, propped up by surging demand for meat and falling vegetable supplies caused by low temperatures.

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