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China’s inflation fears

It’s only vegetables, one might think. Especially for cauliflower and broccoli, prices have recently risen enormously. According to the Ministry of Commerce in Beijing, consumers now have to pay about 50 percent more for the flower vegetable. Prices for Spinach have increased by almost 160 percent, according to Bloomberg calculations. That puts vegetable prices on par with a pound of pork or chicken. The reason: crop failures caused, for example, by heavy rainfall and flooding in the Shandong region, one of the largest vegetable-growing areas in the country.

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