China's inflation shows slight rise in Nov

First increase in CPI since August but analysts remain upbeat over economy

The Consumer Price Index, a key inflation measure, rose to 2 percent in November from a year ago, the National Bureau of Statistics said on Sunday.

It is the first increase in the index since August. In October, the annual inflation rate stood at 1.7 percent, the lowest in 33 months.

A rise in investment and industrial growth led to the increase, analysts said.

GDP growth is expected to be around 8 percent year-on-year in the fourth quarter, up from a 14-quarter low of 7.4 percent between July and September.

Analysts also expect the new leadership to focus on maintaining the momentum next year and keep GDP growth at around 8 percent.

A batch of data was released by the bureau on Sunday and analysts expressed optimism at the state of the economy.

November industrial output grew 10.1 percent year-on-year, from 9.6 percent in October and 9.2 percent in September, the bureau said.

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