Chinas Inflation issues continue

Discussion in 'Markets & Economies' started by Norrin Radd, May 11, 2011.

  1. Norrin Radd

    Norrin Radd Member

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    "BEIJINGChina's consumer price index rose 5.3% on year in April after climbing 5.4% in March, in its sharpest surge in nearly three years. Food prices, the main driver of the nation's inflation of late, were up 11.5% in April after climbing 11.7% in March, China's statistics bureau announced on Wednesday."

    http://online.wsj.com/article/SB10001424052748703864204576316060346108814.html


    wow nearly 12% food inflation. I wonder what their wage growth is like.....surely a revolt will be in order soon
     
    Norrin Radd, May 11, 2011
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  2. lionfishcoin

    lionfishcoin Member

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    My parents wage increased more than 30% this year. They all retired and live in Beijing.
     
    lionfishcoin, May 11, 2011
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  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    As long as growth reasonably outpaces inflation no one will be too worried. When inflation is equal to growth it's a zero sum game and people just get tired of changing price stickers!
     
    Clawhammer, May 11, 2011
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  4. lionfishcoin

    lionfishcoin Member

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    This is only valid if you don't have much money in bank account. Clearly explained why Chinese people buying gold/silver like crazy these days.
     
    lionfishcoin, May 11, 2011
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