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Latest Economy of Africa Stories

2009-04-17 07:07:30

Higher food and shelter costs drove Canadian consumer prices up 1.2 percent in March on an annual basis, Statistics Canada reported from Ottawa Friday. Food prices rose 7.9 percent during the 12-month period on the heels of a 7.4 percent rise in February. It was the largest jump since November 1986, the federal agency said. A 12-month price increase of 54.9 percent for potatoes pushed up vegetable prices, the report said. This occurred largely as a result of poor harvests in Canada that led...

2009-04-06 03:56:00

ZURICH, Switzerland, April 6 /PRNewswire/ -- An Urgent Call to Action by "The Humboldt Forum for Food and Agriculture" International Press Conference (incl. telephone conference, audio webcast) 16 April 2009, 3 PM CET Hotel Maritim proArte Friedrichstrasse 151 Berlin, Germany In response to the growing threat of global malnutrition and food insecurity, the recently established Humboldt Forum for Food and Agriculture (HFFA) - a unique group of...

2009-02-20 09:45:53

The Consumer Price Index increased 0.3 percent in January after falling for three consecutive months, the U.S. Department of Labor said Friday. The increase came in as economists predicted and will be seen as good news for those who fear falling prices that tend to stall the economy. Core inflation, taking out the influences of food and energy costs, rose 0.2 percent in the month. Energy costs rose 1.7 percent, with gasoline rising 6.0 percent for the month. Food prices also gained slightly,...

2009-02-20 07:12:12

Canada's consumer price index rose 1.1 percent in the 12 months to January, kept partially in check by lower gasoline prices, Statistics Canada said Friday. The gain follows a 1.2 percent increase in December and the federal agency said the rate of change has been slowing since September. Gasoline prices in January 2009 were 23.5 percent below the level in the same month in 2008, StatsCan said, adding overall energy prices fell 10.9 percent in January. Food prices, particularly bakery, cereal...

2009-01-15 08:52:50

The Producer Price Index for finished goods in the United States fell 1.9 percent in December, pushed by falling energy prices, the government said Thursday. Prices paid by producers rose 0.2 percent with food and energy prices taken out of the picture. Food prices during the month fell 1.5 percent, while energy costs dropped 9.3 percent, the Department of Labor Statistics said. In November, energy costs dropped 11.2 percent. The index for durable good materials fell 7.2 percent, including a...

2008-12-12 08:43:36

U.S. producers paid 2.2 percent less for finished goods in November, the U.S. Labor Department said Friday. November's price declines follow a drop of 2.8 percent in October and 0.4 percent in September. In the month, core inflation for manufacturers, excluding food and energy costs, rolled back 0.1 percent. Indeed, energy prices led the decline with a monthly drop of 11.2 percent, following a 12.8-percent drop in October. Prices paid by producers for natural gas dropped 4.6 percent in...

2008-10-09 00:00:29

F armers across the country have faced their own crisis this year with the wettest harvest for more than 20 years. The optimism of the spring has been replaced by despair - and although we have experienced an Indian summer, it came along too late for many. The financial impact of the wet harvest is likely to be severe, with many businesses having lost tens of thousands of pounds. Yet as farmers begin to face the financial consequences, reports suggest that consumers should see food...

2008-10-06 03:00:18

By Anonymous Retail food prices in the third quarter rose by 4 percent from the second quarter and by 10.5 percent from the third quarter of 2007, the American Farm Bureau Federation reported. High energy prices boosted the cost of several staple foods as reflected in sustained high costs for processing, hauling and refrigerating foods, the Federation said in a release. The group's Marketbasket Survey tracks the cost of 16 basic grocery items. Potatoes, cheddar cheese and apples showed...

2008-09-23 18:00:00

By Steve Dube WEWERE always taught that the price of bread fuelled the French revolution - particularly when Queen Marie Antoinette, told that people could no longer afford it, replied: "Let them eat cake." Now we are told that the era of cheap food is over - and the era of cheap money for those who already have vast amounts of it also seems to be at an end. But we may be talking too soon. The money-go-round manipulators are not done yet. And it looks as though we are entering an age...

2008-09-23 09:00:46

By KYLE ARNOLD The price of a gallon of milk and a bucket of fertilizer may seem miles apart, but supermarket shoppers and farmers alike are finding little shelter from rising prices. The government's Consumer Price Index report released this week shows basic food staples such as milk, eggs, ground beef and bread continue to lead price increases. Dairy products, meats and other staples are almost without exception outpacing the overall food and beverage inflation rate of 5.9...


Word of the Day
snash
  • To talk saucily.
  • Insolent, opprobrious language; impertinent abuse.
This word is Scots in origin and probably imitative.