Inflation

Soaring Inflation and Crashing Home Sales: Coronavirus Devastates China’s Economy

China’s real estate market is showing signs of collapse as the spread of coronavirus intensifies. Inflation is surging as the disease disrupts businesses and supply chains. A government researcher says the economic impact of coronavirus could shave as much as 1 percentage point from full-year GDP growth. Coronavirus is wreaking havoc on the Chinese economy:…

China’s CPI Inflation Rises in August as Trade War Ravages Producer Prices – CCN.com

Image: Photo by WANG ZHAO / AFPChina’s consumer price index (CPI) rose above trend in August, fueled by a continued surge in food costs and weather-related supply shortages.Factory-gate prices, expressed by the producer price index (PPI), told a completely different story. The PPI gauge plunged deeper into deflation last month, the result of a bitter…