Prices on the wholesale level increased by 8.1% in April in China. The majority of the increase was for food and energy, which all the Wall Street
experts like to back out of the inflation calculation when they try to downplay U.S.
inflation.
Inflation is a worrisome problem in China, but I’ve said before that high oil prices don’t affect a country of bike and subway
riders like it does in the U.S. And even the food inflation can be controlled because
the Chinese government controls the prices of many agricultural and food products.
