China Continues to Export Inflation


	China Continues to Export Inflation

BobbyDelray

9-14-2007 11:19 AM

193 views

tags:

china, export, import, inflation, labor statistics, deflation, currency, wages, costs

BobbyDelray says:

Is this going to lead to an inflation tsunami down the road. My vote? Yes.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/40cf2c4a-31c0-48ff-8442-d2d65dcb6baa/4CCF3E0A-31F4-4615-8A14-24874F633C64/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/" href="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/"><P>Prices of U.S. imports from China rose 0.3% in August, the fourth consecutive monthly rise of at least that magnitude, the Bureau of Labor Statistics <A href="http://www.bls.gov/news.release/pdf/ximpim.pdf"><STRONG>reported</STRONG></A> this morning. Before May, they had never risen by more than 0.2% in one month since publication of the data began in December, 2003. The increase came in a month when total import prices fell 0.3%, or 0.1% excluding oil.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/"><P>China’s shift from source of deflation to source of inflation appears to reflect a strengthening Chinese currency, upward pressures on wages and other costs there, and rising prices of energy and commodities used to make many Chinese goods. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/"><P>Prices of imports from China are up 1.1% from a year earlier, the BLS said. Total import prices are up 1.9%,or 1.5% excluding oil. <EM>– Greg Ip</EM></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/blogs.wsj.com/img/2DB8C442-967F-4875-9DA8-7720D377E399" alt="Image" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/economics/2007/09/14/china-continues-to-export-inflation/"></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/4CCF3E0A-31F4-4615-8A14-24874F633C64/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>