Chinese inflation hits three-year high

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http://www.bbc.co.uk/news/world-asia-pacific-14090908

Inflation in China has risen to its highest level for three years, despite a series of interest rate rises and curbs on bank lending.

Prices in June rose 6.4% from a year earlier, well above the rate for May.

Analysts say Chinese authorities are concerned that the rising cost of basic foodstuffs could fuel social unrest.

The price of pork - a staple of the Chinese diet - has reached a new high, while crop-growing regions have been hit by severe flooding.




***besides our lousy jobs numbers -- this was the other 'surprising' economic news this week.
especially as china had made a big deal that they had inflation under control.