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83.0¢ dongfang modern agriculture holding group limited

Sorry to disappoint you, but if prices go up people generally...

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Super Sceptic

70 Posts.

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14/10/16

19:42

Post #: 19874060
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Originally posted by redagain ↑

Is inflation finally back? That may be a tad early to claim, but China has just released some surprising data showing prices rising more than expected.
The country's consumer prices rose 1.9 per cent in September from a year earlier, stronger than the 1.6 per cent rise economists were expecting.
Even more remarkable producer prices rose in September for the first time in nearly five years, also beating market expectations.
Producer prices edged up 0.1 per cent from a year earlier, the National Bureau of Statistics said on Friday, compared with the previous month's fall of 0.8 per cent. It marked the first growth in PPI since January 2012.
China consumers likely to spend up!!!

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Sorry to disappoint you, but if prices go up people generally buy less not more. You need wage inflation instead - so that discretionary income increases.

DFM Price at posting: 95.5¢ Sentiment: Sell Disclosure: Not Held
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