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Beijing's CPI up 3.2% in Nov

Dec. 13, 2012 (China Knowledge) - Beijing saw its consumer price index (CPI) increase 3.2% YoY in November, according to the latest statistics released by the Beijing Statistics Bureau.

Last month the food prices went up 4.0% YoY, driven by a 16.7% increase in fresh vegetable prices and a 2.6% growth in the prices of meat, poultry and processed products, while the price of fresh fruits dropped 6.5% YoY.

The prices of cigarettes, alcohol and related products climbed 1.1% YoY, mainly driven by a 1.9% increase in alcohol prices, while the prices of household appliances and maintenance services edged up 1.7% from a year earlier.

The price of personal and health care products increased 0.9% YoY in November, while the price of transportation and telecommunications decreased 0.8% YoY.

According to the statistics, the city's housing prices rose 6.4% YoY last month, including a 7.1% increase in housing rentals and a 1.5% decrease in the price of building and decoration materials.

In the first eleven months of this year, the country's CPI rose 3.2% YoY.

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