While on - going droughts across North America will undoubtedly
fuel food inflation, action will be taken to manage cost spikes, Maple Leaf CEO says.
Not exact matches
Core
inflation, which excludes
food and
fuel, is expected to be up slightly in December by 0.2 %, primarily driven by the rising cost of rent.
A jump in
food prices
fueled faster consumer
inflation in October.
White maize, the
food staple, doubled in price last year, helping to
fuel inflation.
For example, while the Bank of Canada uses core
inflation to set its monetary policy, that figure does not include the cost of
fuel and
food, which nonetheless represent a significant chunk of many household budgets.
This sort of
inflation tends to show up in expenditure categories such as
food, energy, motor
fuel and apparel.
Core
inflation, which excludes volatile
food and
fuel prices, remained stubbornly low at 1.0 percent.
The basket of goods used to calculate the level of price
inflation is continuously manipulated.Very often «volatile»
food and
fuel is not included in the US measure.
The policy was bad enough already - the expected rise in
inflation will make it outright toxic as
food and
fuel prices start to rise.
Remember, our doughty leaders have been telling is there is no
inflation, as the prices of
fuel and
food — the very things we can't do without!
Well, the anecdote dates from 17 years ago when cat
food was much cheaper (I do not know what has
fuelled the cat
food inflation over the last decade but it's been nuts).
ECONOMIC OVERVIEW Currency: Australian Dollar ($ A) Market Exchange Rate (5/24/02): US $ 1 = $ A1.79 Nominal Gross Domestic (GDP, 2001E): U.S. $ 365.8 billion Real GDP Growth Rate (2001E): 4.1 % (2002F): 3.8 %
Inflation Rate (2001E): 4.3 % (2002F): 3.0 % Unemployment Rate (2001E): 6.9 % (2002F): 7.0 % Current Account Balance (2001E): - $ 15.3 billion (2002F): - $ 16.9 billion Major Trading Partners: Japan, other Far East, European Union, United States Major Export Products: crude materials,
food and live animals, mineral
fuels and lubricants Major Import Products: machinery and transport equipment, manufactured goods, chemicals
What with skyrocketing
fuel and
food costs, the only thing that is keeping
inflation from going into orbit is the declining cost of housing and used SUVs.
The massive diversion of grain to
fuel cars has helped drive up
food prices, leaving low - income consumers everywhere to suffer some of the most severe
food price
inflation in history.