A second wave of food price inflation is set to hit the world's leading economies as new agricultural benchmark prices are reset today at much higher levels.

随着新的农产品基准价格今天重新设定在更高水平，世界主要经济体将迎来第二轮食品价格上涨。

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All this means that America can sensibly aim for a balance between spending cuts and higher taxes similar to the benchmark set by Britain's coalition government.

ECONOMIST: America's budget deficit