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.
Now for your education, learn 14 of the craziest food items in the Chinese CPI >
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See Also:
- Chinese PPI Running At Red-Hot 5.4%
- The Mindblowing Bubble In The "Miami Of China"
- Now Stephen Roach Is Attacking ‘The Imminent China Collapse’ Strawman By Glorifying Big Government Intervention