Import Prices From China -- Up Six Months in a Row!

My friend Rick Santelli on CNBC reported today that import prices from China to the United States have risen six consecutive months in a row, reaching a new high today of 3.4%! Before this period, import prices from China fell month after month. Now, instead of manufactured goods from China causing deflation, imported goods are adding to inflation, and are stoking the fears of even higher inflation ahead.

Also on the inflation front, here is a good article today on Bloomberg:

Bernanke Cuts in `Heat of the Battle' May Wreck Inflation Call