Spiraling inflation has become a hot polit-ical issue in China. Protests over the risingcost of living have erupted in towns across the country over the past three weeks, withBeijing sending in thousands of police to re-store order in southern Guangdong provincethis week.The headline consumer price index infla-tion hit 5.5% in May, the highest in nearlythree years. It was pushed up by rising foodand other commodity prices, with foodprices soaring 11.7% after a drought hit farmoutput.
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