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.
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