Very probably.... certainly, the global economy is very real and countries' export what they are good at producing and import those things from countries which can produce these more efficiently or cheaper than can we. Thus if prices are rising in China we import so much of their produce, then we have to pay the inflationary prices. Lots of things which increase in price also become inputs to make products with so are costs and as we know, these costs will end up being passed on to the consumer of the final product. So inflationary pressures world wide and unavoidable as we are more a global economy than we have ever been in the past.
