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9 Goods Seeing Sky-High Price Inflation

Supply and demand, rising energy prices taking a toll

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India has banned cotton exports as of this month, and the action immediately pushed U.S. cotton-futures prices higher. The result has been a huge surge in cotton — including the biggest one-day percentage gain since May 31 in early March that halted trading in cotton futures.

The export ban has seen some rollback in the days since the announcement roiled global cotton markets, and more emerging markets are producing more cotton to fill the void. But in the short term, cotton prices have soared about 5% in short order.

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