Tag: Food Inflation
A drought is why Europe pays more for tomatoes
A dry spell is wilting crops and delaying plantings in some of Europe’s top produce growers, risking a further run-up in food inflation. About 60%…
Firefighters battle large blaze at sprawling Mexican market
MEXICO CITY: Some 200 firefighters battled a huge blaze in Mexico City‘s sprawling wholesale market Thursday night without any reported injuries. The Central de Abasto…
Pakistan’s inflation soars to 35.4% in March, highest since 1965
ISLAMABAD: The Consumer Price Index (CPI)-based inflation raced to 35.4 per cent in March, the highest annual rise in prices on record since 1965, driven…
US revises down last quarter’s economic growth to 2.6% rate
WASHINGTON: The US economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday…
sugar inflation: Sugar getting even pricier poses new threat to food inflation
Sugar, consumed in everything from chocolate to fizzy drinks and baked products, is becoming ever more expensive, raising costs for the industry and keeping up…
China ramping up bailout loans to ‘Belt and Road’ countries: Report
BEIJING: China has handed out $240 billion worth of bailout loans to 22 developing countries at risk of default over the past two decades, with…
US: Push in states for $20 minimum wage as inflation persists
ALBANY: Just years after labour activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the…
UK food inflation hits ‘record’: Survey
LONDON: UK food-price inflation has soared to a record peak as Britons suffer from a cost-of-living crisis, a survey showed Tuesday.Prices accelerated 17.1 per cent…
Ukraine tensions flare at G-20 finance meetings in India | India News
BENGALURU: Tensions over Russia’s war on Ukraine flared Friday at meetings of financial chiefs of the Group of 20 leading economies, where geopolitics affected the…
UK supermarkets ration fruits, vegetables amid widespread shortages
A major British grocer is rationing sales of fruit and vegetables after a bad harvest in southern Spain and north Africa led to gaps on…