National Bureau Of Statistics of China: Chinese Food Prices Have Increased By 4.6 Percent In Ten Days! (416 Percent Annualized!)

This is simply stunning. A quick parsing of the data released every ten days by the National Bureau Of Statistics of China indicates that the average price of food in 50 cities in the January 21-31 period has increased by 4.6% compared to the prior 10 day period (and 416% annualized)! Granted, this is a [...] continue reading the breaking news