China's consumer price index, a major gauge of inflation, is estimated to grow at 1.3 percent in November, the China Merchants Securities (CMS) said on Tuesday. According to the CMS, food prices are expected to decrease 0.6 percent year on year in November. Non-food prices are likely to keep unchanged.
The CPI may decline 0.2 percent from that in October. China's producer price index (PPI), which measures wholesale inflation, is estimated to drop 6 percent year on year in November.
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