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”
Behind the Wall, NBC News, December 1, 2010.
Image by Pixomar / FreeDigitalPhotos.net.