Low US CPI innovation leads to a question accusing its neighbour

Two of us QE has brought inflationary pressures to developing countries. But American prices, which are junk money, are not rising. The US core consumer price index rose by only 0.6% in October from a year earlier, but still far below the 2% per cent inflation target, according to the latest figures from the Bureau of Labor Statistics.　　This is the lowest rate of inflation since the United States began compiling the data series since 1957.　　CPI data for the Federal Reserve although the Fed has adopted a second quantitative easing of $600 billion trillion, and the recent rise in the prices of agricultural futures markets has been very rapid, it does not seem to have much of a boost to U.S. price levels. The U.S. Labour Department announced in Wednesday that the U.S. CPI (CPI) rose slightly, by 0.2% in October, below 0.3% per cent previously estimated by analysts.　　The low CPI growth in October was mainly due to flat gasoline prices and the cost of other products falling.　　It is noteworthy that, although the composition of the U.S. CPI in October, crude oil and food parts have risen, but food prices rose by only 0.1%, lower than the previous two months of gains. But lower prices in the US are not good news for the rest of the world, says Jack Mr Ablin, chief investment officer at Harris Bank. The CPI data are less than expected, reinforcing Mr Bernanke's rationale for pursuing quantitative easing. "With global inflation to solve their own deflation" the dollar was born more than 100 years ago, cents as the most basic unit of money still circulating in the market, the stability of U.S. prices can be seen.　　"Li Wei, a postdoctoral fellow at the Institute of International Studies at Tsinghua University, argues that U.S. prices remain low for a long time, making ordinary Americans insensitive to monetary policy." In stark contrast to the lower prices in the US, prices in developing countries have soared under US quantitative easing.　　Last month China's consumer price index rose 4.4% per cent year-on-year, while South Korea rose 4.1%, far above its target. "The dollar two-thirds is circulating in the international market, and they are actually using global inflation to solve their own domestic deflation."　　"Tan Yaling, dean of China Foreign Exchange Investment Research Institute, said that because the dollar is the world currency and a lot of dollars are circulating in the international market, all the dollar holders around the world share the cost of the Fed's additional currency." To change China's growth pattern in some scholars ' view, the source of such a big difference between Chinese and American CPI is the different forms of economic relations.　　Li Wei that China's cheap exports to the US have depressed U.S. commodity prices, while China has converted a large amount of its dollars into securities assets, dampening the space for us prices to rise in two of supply and consumption.　　Li Wei said that China's economy from relying on manufacturing exports to independent innovation, the realization of industrial transformation is the only way forward. But other scholars believe that different stages of development have created different consumer price indices. "China and the United States are currently in the economic cycle," said Frank Gong, vice president of JPMorgan's Chinese investment bank., the core inflation rate in developed markets has fallen to its lowest level in more than 50 years, largely in response to the recent downward trend in core inflation and the deflationary forces that may continue for some time. China's recent macro figures suggest there is even a risk of overheating next year. "Morning News reporter Shi