Tag: food costs

South Korea inflation jumps to three-year high

South Korea inflation jumps to three-year high

Statistics Korea has today revealed South Korea’s inflation rate jumped to a three-year high of 5.3% in August as food costs continued to rise. The rate is up from 4.7% in July and represents the eighth consecutive month that inflation has been above the central bank’s target of 4%. Inflationary pressures are rife throughout the [...]

September 1, 2011 | 0 Comments More
US inflation up on higher tobacco prices

US inflation up on higher tobacco prices

Figures from the US Labor Department have revealed US wholesale price inflation rose last month on the back of rising tobacco and light motor truck prices. According to the Labor Department, the cost of finished goods rose 0.2% in July, with fresh fruit, beef and veal all attributing to pushing up the rate of inflation. [...]

August 17, 2011 | 0 Comments More
German consumer confidence expected to fall further

German consumer confidence expected to fall further

Consumer confidence in Germany, which is the euro zone’s largest economy, is expected to fall further in May, according to the GfK research group. The market research company said its forward looking consumer sentiment index, based on a survey of about 2,000 people, will fall to 5.7 in May from April’s reading of 5.9. The [...]

April 27, 2011 | 0 Comments More
Inflation remains challenging for Asian economies

Inflation remains challenging for Asian economies

The Asian Development Bank (ADB) has said inflationary pressures remain rife in Asia’s developing economies and could pose a challenge for many, leading to social tensions. However, the region is powering ahead in the economic growth stakes, due to soaring exports, and has been leading the way in the global economic recovery. Growth rates for [...]

April 6, 2011 | 0 Comments More
India lifts interest rates further to combat inflation

India lifts interest rates further to combat inflation

The Reserve Bank of India (RBI) has today raised key interest rates for the eighth time in less than a year, in a bid to tame stubbornly high inflation in a thriving economy. The move, which was widely expected, saw the central bank raise its repo rate, at which it lends to banks, to 6.75%, [...]

March 17, 2011 | 0 Comments More
UK inflation remains unchanged at 3.1% in August

UK inflation remains unchanged at 3.1% in August

The Office for National Statistics (ONS) has today announced Consumer Price Inflation (CPI) held steady at the annual rate of 3.1% in August. The latest figure represents the ninth consecutive month that inflation has been above the Bank of England’s target of 2%. However, analysts had expected CPI to dip slightly to 2.9%. Inflation remained [...]

September 14, 2010 | 0 Comments More
UK inflation rate falls in August to 1.6%

UK inflation rate falls in August to 1.6%

The Consumer Prices Index (CPI), a key measure of inflation, has fallen from 1.8% to 1.6% in August - the lowest level since February 2005, the Office for National Statistics (ONS) said today. Many analysts had expected it to fall to 1.4%. The fall in CPI was driven by lower food costs, with the price [...]

September 15, 2009 | 0 Comments More
Food costs rising three times faster than wages

Food costs rising three times faster than wages

Food prices are rising more than three times faster than the average wage, the British Retail Consortium (BRC) revealed this week. Food inflation stands at 5.6% compared to the average UK worker’s pay rise of 1.8%. Many employees have had their wages frozen as businesses struggle to survive through the recession. However, the BRC added [...]

July 9, 2009 | 0 Comments More
Inflation in India reaches 13-year high

Inflation in India reaches 13-year high

Annual inflation in India has surpassed the 12% mark despite efforts by the Government to tighten monetary policy. Increases in the prices of some food articles and manufactured products pushed inflation to 12.01% in the week ending 26 July, up from 11.98% the previous week. At the end of last month, the Reserve Bank of [...]

August 8, 2008 | 0 Comments More