Chart Of The Day: Chinese Producer Price Inflation

08/11/08 10:38AM EDT

Why is the Chinese stock market down -9.7% in the last 2 days of trading? This stagflation picture is certainly one of the reasons.

China had a surprisingly strong inflation report this morning. Their highest PPI report since 1996 in fact, at +10% year over year. See the chart by Andrew Barber below.
KM

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