The Inflation Number That's Really Going To Freak Out Chinese Authorities

wok chinese food

Photo: Mats Stafseng Einarsen/Wikimedia Commons

Food: Prices were up 6.2% y/y vs. 3.7% in January.The people will tolerate other kinds of inflation — such as the value of the land they live on, which gives the illusion of wealth — but when food prices are spiking like these, this will demand action.

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