The U.S. and China both have the highest inflation rate in 30 years and are spreading to all items due to a surge in housing prices, and the prospect of a prolonged period is continuing. The index (PPI) rose 13.5% from the previous year, the highest since 26 years. China's consumer price index (CPI) rose 1.5% year-on-year in October, more than double the rate of increase from 0.7% in September. ..