– December 1, 2010

“The question of China’s artificially low interest rates and currency and its effects on economies will be left for another day. However, we would like to call your attention to the always interesting China Hush pictorial on what 100 yuan (~$15) will buy you at the grocery store today compared to a year ago.

Since October 2009, there has been an 18% rise in the cost of fruits and vegetables. That number goes as high as 30% in some provinces. As a result, the price of, say, a Fuji apple in Beijing has risen from 3.95 yuan/kg in 2009 to 5.94 yuan/kg today.

This results in a surprising 30-apple cut in your buying potential.” Read more

“What food inflation looks like through the lense”
Ed Flanagan
Behind the Wall, NBC News, December 1, 2010.

Image by Pixomar / FreeDigitalPhotos.net.

Tom Duncan

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