Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

China: Latest Indexes Indicate Inflation

Posted on May 09, 2008

China sPPI numbers for April were released today and, to no surprise to thoseof my readers who agree with my argument that inflation in China isprimarily a monetary problem, they weren t good. Year on year the index was up 8.1%, a little below market expectations but above last month s 8.0%. This was fastest pace of increase in four or five years. Just six months ago year on year PPI inflation was well under 3%. Althoughthe food component was up, by 11.9% year on year, much of the increasein PPI prices was driven by even sharper increases in the prices forcrude oil, steel, raw materi...

Original article link


inflation , oil