The champions of intervention spirals, the Chinese, are now starting to manipulate consumer prices upwards. China is in a deflationary spiral, at the beginning of a demographic catastrophe, and most likely at the beginning of a prolonged recession. The real estate crisis may have been just a prelude to worse things to come. China is providing us with the blueprint for the fiat endgame that will befall us all as technology adoption drives prices further down and the whole fiat circus collapses.

Source: https://www.bloomberg.com/news/articles/2023-12-28/pboc-pledges-to-stimulate-consumer-prices-amid-deflation-fears?cmpid%3D=socialflow-twitter-economics&utm_content=economics&utm_medium=social&utm_campaign=socialflow-organic&utm_source=twitter