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Showing posts with label Consumer prices. Show all posts
Showing posts with label Consumer prices. Show all posts
Producer prices unexpectedly rise in June | Reuters
Producer prices unexpectedly rise in June | Reuters: (Reuters) - "Producer prices unexpectedly rose in June despite big drops in energy prices, a sign that some inflation pressures could keep the Federal Reserve on guard."
Food inflation seen back on the table as prices rise | Reuters
Food inflation seen back on the table as prices rise | Reuters: (Reuters) - "World food prices are likely to rise for a third successive month in March, and could gain further beyond that, with expensive oil and chronically low stocks of some key grains putting food inflation firmly back on the economic agenda."
UN reports says food prices spike again after a slowdown - The Washington Post
UN reports says food prices spike again after a slowdown - The Washington Post: "ROME — International food prices have risen for the second time in two months, a U.N. agency said Thursday blaming bad weather in major exporting countries among other factors that have reversed downward price trends."
Obama, Republicans spar over gasoline prices | Reuters
Obama, Republicans spar over gasoline prices | Reuters: (Reuters) - "Facing intensifying election-year attacks over rising gasoline prices, President Barack Obama sought to shift the spotlight onto oil and gas companies on Thursday by pushing for the repeal of U.S. tax breaks that benefit the industry."
The blame is to be placed on the oil companies which are price gauging and using any excuses to raise the price; one day it is because of the sanctions on Iran, the next it is because the US economic report is positive but then the next day the economic report is negative but oil prices are still going up. The point is that there are no regulation in place to protect consumers.
Further more it is absolutely bonkers that natural resources should be owned by individuals, who because of the wealth they amass promoting the war industrial complex and gas guzzlers, can continue to promote the polluting exploitation of such resources instead of developing cleaner technologies which would extend human survival.
Analysis: Can U.S. economy withstand gasoline price curse? | Reuters
Analysis: Can U.S. economy withstand gasoline price curse? | Reuters: (Reuters) - "Could history repeat itself? That is a question uppermost in the minds of many Americans as they warily watch gasoline prices at the pump rise week after week."
Who is over looking the prices?
Iran says oil would go over $250 if exports banned | Reuters
Iran says oil would go over $250 if exports banned | Reuters: (Reuters) - "Iran warned the West on Sunday any move to block its oil exports would more than double crude prices with devastating consequences on a fragile global economy."
Consumer prices rise in July | Reuters
Consumer prices rise in July | Reuters: (Reuters) - Consumer prices rose faster than expected in July as gasoline rebounded sharply, but a moderation in underlying price pressures backed the Federal Reserve's view of a low inflation environment."
And they are not talking about the content of food which is shrinking. This covers up the actual level of inflation.
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