China's inflation rate hits 11-year high [Reuters]
BEIJING (Reuters) - China's annual consumer price inflation hit an 11-year high in November, with new signs that price pressures are spreading from food to the broader economy, raising the prospect of more aggressive monetary tightening.
China Inflation Reaches 11-Year High, Trade Gap Grows [Bloomberg]
Dec. 11 (Bloomberg) -- China's inflation accelerated at the quickest pace in 11 years and the trade surplus swelled, underscoring government concern that the world's fastest-growing major economy is at risk of overheating.
Even the new inflation rate of 6.9% masks considerable differences across products - food for example climbed 18.2 percent. Non-food prices rose 1.4 percent. Utility prices rose 5.6 percent.
The miz across this products spells trouble for the poor. Social unrest can not be far away.