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Jonathan Milder's Library tagged inflation →  View Popular

21 Nov 08

The Food Chain - As Crop Prices Fall, Farmers Face Losses - Series - NYTimes.com

  • The government reported this week that the cost of goods and services nationwide fell by a record amount in October
  • While lower prices are good for consumers in the short run, a prolonged stretch of deflation would wreak havoc as companies struggled to stay afloat.
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08 Oct 08

U.N. Says Biofuel Subsidies Raise Food Bill and Hunger - NYTimes.com

  • With policies and subsidies to encourage biofuel production in place in much of the developed world, farmers often find it more profitable to plants crops for fuel than for food, a shift that has helped lead to global food shortages.
  • In a devastating assessment released this summer, the Organization for Economic Cooperation and Development concluded that government support of biofuel production in member countries was hugely expensive and that it “had a limited impact on reducing greenhouse gases and improving energy security.” It did have “a significant impact on world crop prices” by helping to raise them.
19 Aug 08

Living Costs Rising Fast, and Wages Are Trailing - NYTimes.com

Living Costs Rising Fast, and Wages Are Trailing

www.nytimes.com/...15econ.html - Preview

economy inflation prices food

  • In July, rank-and-file workers — those in production or nonsupervisory roles — earned 3.1 percent less than they did a year ago, after adjusting for the rising cost of living.
07 Aug 08

Shipping Costs Start to Crimp Globalization - NYTimes.com

  • “If we think about the Wal-Mart model, it is incredibly fuel-intensive at every stage, and at every one of those stages we are now seeing an inflation of the costs for boats, trucks, cars,” said Naomi Klein,
  • what some economists call a neighborhood effect — putting factories closer to components suppliers and to consumers, to reduce transportation costs — could grow in importance if oil remains expensive.
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23 Jul 08

Prices of Food and Gas Take a Toll in Asia - NYTimes.com

  • While prices have been rising in the United States and Europe, the biggest increases are being felt in Asia, and countries like India and Vietnam are already having to deal with double-digit inflation.
  • Higher inflation in Asia is also starting to contribute to higher prices in the United States.
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30 May 08

UN: Food prices to stay high -- chicagotribune.com

  • Soaring world food prices may dip in coming months, but steadily rising demand means higher food costs are probably here to stay over the coming decade.
  • the UN Food and Agriculture Organization said there is ample reason to believe that "permanent factors" and not just inclement weather are behind the current rise in prices and that those will keep food costs at "higher average levels than in the past."
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23 May 08

U.S. food price rise to be largest in 18 years

  • U.S. food prices will rise by 5 percent this year, the largest increase since 1990 and propelled by sharply higher prices for bread, cookies and other bakery products
  • It would be the second year in a row of high food-price inflation, with another year or two of large increases expected
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U.S. food price rise to be largest in 18 years

  • A surge in commodity prices in the last year was not a blip and prices will remain at or above current levels for at least the next decade as some of the main underpinning factors -- demand for a richer diet, the rise of biofuels and high oil prices -- will remain
  • "On average over the coming 10-year period, nominal prices for cereals, rice and oilseeds are expected to be 35 percent to 65 percent higher than on average in the past 10 years,"
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21 May 08

New Trend in Biofuels Has New Risks - New York Times

  • But now, biologists and botanists are warning that they, too, may bring serious unintended consequences. Most of these newer crops are what scientists label invasive species — that is, weeds — that have an extraordinarily high potential to escape biofuel plantations, overrun adjacent farms and natural land, and create economic and ecological havoc in the process, they now say.
  • The European Union and the United States have both instituted biofuel targets as a method to reduce carbon emissions. The European Union’s target of 10 percent biofuel use in transportation by 2020 is binding. As such, politicians are anxiously awaiting the commercial perfection of second-generation biofuels.
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