Thursday, April 16, 2015

Inflation comes to China

Yesterday at lunch I went out to buy steamed buns, and was shocked to find the price had risen from 1 yuan (a little less than 20 Canadian cents) to 1.2 yuan. Not only that, but my usual drink has gone from just over 4 yuan to 5. So there's 20% inflation right there, just yesterday.

Did they devalue or something without my noticing?

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