Chinese Inflation Could Be 80% Higher Than Reported In July

China's official consumer inflation statistic hit a 21-month high in July -- at just 3.3%. While the figure is nearly hitting a two-year high, but some are questioning the accuracy of the official inflation data, because prices seem to rising much faster based on anecdotal information. Read more: http://www.businessinsider.com/chinese-inflation-2010-8#ixzz0xzvgeqAj