RTTNews reports that data released by the National Bureau of Statistics showed that China's consumer prices declined for the first time in more than a decade in November due to the fall in pork prices.

Consumer prices fell unexpectedly by 0.5 percent year-on-year in November after rising 0.5 percent a month ago. This was the first decline since October 2009. Economists had forecast an increase of 0.8 percent.

Food prices decreased 2 percent annually due to a notable 12.5 percent fall in pork prices. Pork prices had logged a sharp increase in the last year due to the shortage caused by the African swine flu.

Core inflation that excludes food and energy prices climbed 0.5 percent from last year in November.

On a monthly basis, consumer prices were down 0.6 percent versus the expected fall of 0.2 percent.

Statistical office reported that producer prices decreased 1.5 percent on year in November but slower than October's 2.1 percent decline. Prices were expected to fall 1.8 percent.