The overall inflation rate for the April in China rose to 8.5%. That headline doesn't tell the real story though.
Food inflation is much higher while the price of everything else is barely budging.
Overall food prices increased by 22.1% in April from a year earlier but non-food prices increased by only 1.8%.
NOTE: Pork, the favorite meat for the vast majority of Chinese, rose by 68.3% in the last year.
