That, in turn, would have conferred upon them unwelcome pricing power over a commodity that is particularly crucial to China's economy.

ECONOMIST: Face value

On the other hand, the health care sector is not as sensitive to the rise in commodity prices and it tends to enjoy more pricing power, which means increases in costs get passed onto the consumer and profit margins are unscathed.

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Powell stated that they expected commodity prices to continue rising and possibly affect costs and pricing power.

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