China’s CPI up 4.6% in September
Submitted by Bill Belew on Monday, 20 October 2008No Comment
There is good news and bad news in China.
The good news is that business is still good and likely to get better. Dan at ChinaLawBlog urges us to FEEL “The Second Wave.”
The bad news, prices are going up.
The good news, they are not going up as much as they had been.
The bad news, they are still going up.
Sept – CPI rose 4.6%
Aug – CPI rose 4.9%
July – CPI rose 6.3%
Jun – CPI rose 7.1%
Feb – CPI rose at a 12-year high – 8.7%.
Of course, if the economy can keep up with inflation, salaries, too…it’s a good thing overall, no?
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