Climbing High
Inflation in China rose to an 11-year high and could rise again in February. Consumer prices in January rose 7.1 percent over the same month last year. Inflation was fueled by devastating snowstormscausing food shortages in the country, which has 1.3 billion people. Rising inflation could put more pressure on the government to let the exchange rate on its local currency, the yuan, rise. That would increase the cost of apparel imported from China.
