The ex-factory price of China's industrial products rose 2.8 percent year on year in November, down 0.1 percentage points on October, according to a report from the National Bureau of Statistics (NBS) released in Beijing on Friday.

The report said the producer price of production materials climbed 3.4 percent year-on-year while the price of basic necessities went up 1.0 percent.

The purchasing price of raw materials, fuel and power jumped 4.8 percent year on year, 0.6 percentage points lower than last November.

Producer prices for crude oil and steel respectively decreased 1.2 percent and 0.3 percent over the same period last year, while that for coal grew by 2.3 percent.

Cumulatively, ex-factory prices of industrial products surged 2.9 percent year on year in the January-November period, down 2.2 percentage points. The purchasing price of raw materials, fuel and power rose 6.1 percent during this period.

The growth of ex-factory prices edged up from 1.9 percent in April to 3.6 percent in July, slowing slightly as central government macro-control policies began to take effect.

Source: Xinhua