Wednesday, Feb 20, 2008
Coming to a store near you!
BBC: China inflation hits 11-year high
Chinese inflation hit an 11-year high in January after rising price pressures were exacerbated by fierce snow storms, official figures show.
Soaring food prices were largely blamed for pushing consumer inflation up to 7.1% last month, from 6.5% in December.
Posted by tyrellcorporation @ 03:38 PM (617 views) Add Comment
7 Comments
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1. japanese uncle said...
Cheap and nasty, turning into dear and nasty.
I for one would go for Made in Bangladesh.
2. waitingfor hpc said...
i work in manufacturing ... something very weird is going on - it is like the tap has been turned off in are whole sector - anyone else noticed anything?
3. jack c said...
@waitingfor hpc - what do you mean by "it is like the tap has been turned off in are whole sector" - what Mfrg sector are you in? and do you mean the orders have dried up?
4. waitingfor hpc said...
we are an export packaging supplier to the blue chip sector - and yes i mean in last two weeks orders have just dried up and we now have loads of people applying for jobs - not seen this for years.
5. jack c said...
Economic issues debated on here as well as the general HPC suggest a UK recession is inevitable - good to get this type of info from the coal face (not so good from the point of view that jobs potentially come under threat)
It will be interesting to hear if it is just a blip or a more pronounced downturn
6. cornishman said...
Yes, good to get this 'recession'/job info so quickly, from the coalface. What's even more worrying is that the policy of lowering UK interest rates and driving the pound down only has one plus point - to increase exports. From what w4hpc says, even that isn't happening.
Any exporters care to comment on how business is really going?
7. David Smith's Sub Prime. . . said...
Didn't David Smith say that inflation imported from the Chinese Republic was not a problem?
Remind me David?
Is this why Rupert has told you to pull your blog?