CHINA'S Consumer Price Index rise is likely to accelerate from October's 4.4 percent to 4.7 percent in November, a report by the Bank of Communications said yesterday.

The increase would be mainly fueled by rising food prices, which have begun to decline since mid-November as the government adopted a number of anti-inflation measures, the report said.

December's CPI growth is forecast to slow from November and the inflation in 2010 would be 3.2 percent, beating the annual target of 3 percent.

Commodity prices are set to rise in the first quarter of 2011.