Source:
BloombergChina’s inflation accelerated to the fastest pace in 28 months in November, underscoring the case for Premier Wen Jiabao to raise interest rates again.
Consumer prices rose 5.1 percent from a year earlier, driven by food costs, a statistics bureau report showed in Beijing today. That was more than the 4.7 percent median forecast in a Bloomberg News survey of 29 economists. In October, inflation was 4.4 percent.
...
Producer prices rose 6.1 percent in November from a year earlier, exceeding analysts’ median forecast of 5.1 percent, the statistics bureau report showed. Costs of raw-materials such as cement, steel, fuel and cotton have surged, a survey of purchasing managers indicated on Dec. 1.
Read more:
http://www.bloomberg.com/news/2010-12-11/china-s-inflation-tops-5-adding-pressure-for-wen-to-raise-interest-rates.html
Combine globalization (offshoring) and QE2 and what do you get?
http://demopedia.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9746296