China Tries to Tackle Food Price Inflation – The Economic Times

From The Eonomic Times:

China will ensure ample food supply in the coming months to keep prices down, state media said Saturday, in yet another reaction to shock figures released recently. The price of food staples such as wheat, soybean and pork are to be kept at an affordable level by measures such as boosting supply or lowering duties.

Consumer prices soared 6.5 percent in August, the highest rate in more than a decade. There was an 18.2 percent hike in food prices, including a 49 percent surge in the cost of meat. This could have consequences for the public mood, which is watched carefully by a government that places social stability highest on its list of priorities. [Full Text]

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