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The Times of India
The Times of India
Business
Bloomberg

Vegetable costs up 500%, threaten to fuel Pakistan inflation

Skyrocketing prices of tomatoes, potatoes and onions are putting food out of reach in flood-ravaged Pakistan and raising the specter of inflation hitting 30%, which may spur more monetary tightening.

The South Asian nation already reeling from dwindling forex currency reserves and the fastest inflation in almost five decades faces a food shortage after torrential rains submerged a third of the country and destroyed crops.

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