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Letzte Aktualisierung: November 9, 2021

China's inflation fears

Prices in China are climbing. The prices for Spinach alone saw an increase of 160 percent. Many people worry that food could become scarce. And in some places, panic buying has already started. And the government's attempts to calm people's fears are failing. Foreign companies in China are also affected.

Ning Wang
Ning Wang
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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