China's Consumer Price Index Hit Eight-Year High in November on Food Prices(Yicai Global) Dec. 10 -- China's consumer prices unexpectedly rose 4.5 percent in November from a year ago, which was the fastest clip since January 2012, caused by soaring food prices.
The gain in the CPI was higher than the 4.19 percent increase predicted by chief economists surveyed by Yicai. The headline figure was also up from October's 3.8 percent.
A 19.1 percent jump in food prices drove the gain in the CPI. Non-food prices climbed by 1 percent.
