massive inflation without wage increases in vietnam - How?

Discussion in 'Economics' started by elitist-trader, Jun 16, 2011.

  1. Reading this Bloomberg article got me thinking, in Vietnam, if wages are staying the same for the majority of people, how does inflation hit 19.8%? Is it just a currency issue? or is there one really rich dude driving around to every shop paying crazy prices for food?

    http://www.bloomberg.com/news/2011-...china-appeal-diminishes-as-labor-strikes.html