China Inflation Spike Set to Rock U.S. Consumers

Friday, Feb. 1, 2008 3:18 p.m. EST

We’ve seen cheap Chinese toys and food products flood U.S. shores. Now American consumers are seeing another, altogether unwelcome new export from China — inflation.
The price of Chinese goods sold in the U.S. is rising, the result of higher energy and raw materials costs, increasing regulation there and a declining dollar, according to a new report from CNN.

The price increase over the last year was only a "modestâ€