Pork Prices Soar as China Battles Inflation

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Aug. 9 (Bloomberg) -- Bloomberg's Margaret Conley reports from Shanghai on the impact of inflation on China's pork market. China’s inflation accelerated to the fastest pace in three years in July, limiting the scope for monetary easing to support growth as plunging stock markets signal the global recovery is weakening. Food costs climbed 14.8 percent and non-food inflation was 2.9 percent. Pork jumped 57 percent. (Source: Bloomberg)

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