Food Prices Up As India Strike Continues
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Prices for food and essential commodities spiraled upward Tuesday as thousands of truck drivers in India ignored a government appeal to call off a four-day-old nationwide strike.
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Oil moved higher on Thursday alongside gold, which rose after Pakistani opposition leader Benazir Bhutto was killed in a gun and bomb attack.
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Dramatic rises in international food prices are threatening millions of people in poor countries, the UN warns.
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Food prices are reported to be rising in the Nepalese capital, Kathmandu, as a blockade of the city by Maoist rebels enters its second day.
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A fresh attack on oil facilities in Nigeria and possible strike action by workers there sends oil prices above $70 a barrel.
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South Africa's public sector unions escalated their 12-day-old strike Wednesday with calls for other workers to join them in support of their demand for a wage increase.
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The pork producer fattens up on higher hog prices.
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afrol News, 11 October - Nigeria&#39;s trade unions today again lashed out against the hike in prices of petroleum products, organising a nation-wide strike.
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Wholesale prices, pushed by sharply higher energy and food costs, soared by 1.7 percent in October, the largest increase since early 1990.
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Higher prices for oil and food powered the rise in import prices, while export prices increased 1.2 percent, the largest rise since January 1989, the government said.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns that businesses may be under growing pressure to raise consumer prices.
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Indian inflation hits its highest level in more than three years, boosted by increasing energy and food costs.
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U.S. consumers are facing higher prices for appliances with retailers raising prices this month to offset rising raw material costs.
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Rising petrol and food costs push the price inflation of goods leaving UK factories to a new 16-year high.
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Higher energy costs boosted producer prices 0.9 percent in May, but excluding volatile food and energy costs, prices paid at the factory gate were up a more moderate 0.2 percent, the Labor Department reported on Thursday.
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Consumer prices rose faster than most workers' wages last year, as surging energy prices pushed inflation to the highest level in four years, the Labor Department said yesterday.
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NEW DELHI: India&#39;s largest truckers&#39; union began a nationwide strike yesterday, disrupting shipment of goods, to protest a government plan for a service tax on transport booking agents.