inflation will be difficult to control
Posted on Jun-30-2008 · by china investor ( china investor had published 8860 articles)
Because depreciation of the U.S.dollar, oil prices break through 140 U.S. dollars Yesterday. Although oil producers increase production, but because there have too many speculative funds, the price of oil will rise again, Oil is the main material of many industrial products, the actual level of inflation will rising continued.
Food is another big problem,because food used to extract energy and climate disaster, the world food stocks will be reduced to the lowest level in since 50 years, 40 countries face food crisis, the World Food Conference closed, but the real solution to the problem is limited.
China have twice times inflation in recent years ,
1:from 1986 to 1989, CPI is 106.5,107.3,118.8
2:from 1992 to 1996, CPI is: 106.4,114.7,124.1, 117.1 and 108.3
This year,China CPI is 108,and PPI is 108.1,I am worried that inflation will be difficult to control,The world economy will begin to decline.
We need U.S. dollar stop depreciation
We need Oli stop rising
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