Caixin
Nov 07, 2016 06:35 PM
ECONOMY

Surging Garlic Prices Raise Inflation Concerns

Surging garlic prices in China have surprised the market and raised concerns that inflation may worsen.

The wholesale and retail prices of garlic, one of the most frequently seen seasonings on Chinese dinner tables, rose to a six-year high of 14.5 yuan ($2.14) and 15.8 yuan per kilogram in October, up 90% and 68% respectively from a year earlier, according to the National Development and Reform Commission, the country's top economic planner.

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