Higher consumer prices are here. Is deflation dead?
With China starting to raise prices, the times they are a’changin’.
by Murray Gunn
Updated: April 13, 2021
It's been the story of the past 20 years at least. With economies like China (and others such as India) fully embracing the global economy, all of a sudden (well, millennially speaking) the planet's global labor capacity surged and that led to a huge downward pressure on labor costs. China became the world's factory and kept its export prices low, leading to the oft-used soundbite that China has been "exporting deflation." Now, though, that might be changing...
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