Fresh out of the oven, Chinese CPI for April came in at 5.3%, which is above rumors and estimates ranging from 5.1% to 5.2%.
It's down 0.1% from last month, but the bottom line is that reserve ratio hikes out the wazoo haven't done much to slow inflation down, which actually just means we'll probably see more.
Markets have yet to react meaningfully to the news.
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See Also:
- Serious Chinese Wage Inflation Has Barely Even Begun
- Unilever Learns The Hard Way What Happens When You Raise Prices In China
- Three Reasons Why The UK Can't Inflate Or Print Its Way Out Of Debt
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