But it ain't gonna be coming from Chinese manufactured goods. Again, unit costs are still on the DECLINE. Rising wages are more than offset by increased manufacturing efficiencies.
If we get 4%-7% inflation, it will be the product of other factors, IMO.
p.s. when they get to local stores, I'm gonna go get me a pair of $14.99 Starbury Ones, just to see how they stack up!! LOL.