From AP via SignOnSanDiego.com:
The government slammed Chinese instant noodle makers Friday as being partly to blame for a surge in inflation, saying they illegally colluded to boost prices by up to 40 percent in a scheme that has prompted public outcry.
The report came amid a nationwide probe into whether price-fixing or hoarding by producers is to blame for a 15.4 percent jump in food prices in July over the year-earlier period. The government accused the companies of damaging social stability. [Full Text]
See also Illegal price hikes on instant noodles from Danwei.org.
