While years of political dictatorship and repression are no doubt the top line cause of the popular uprisings in Tunisia, Yemen, and Egypt, the background impact
of food price rises and high level of food insecurity in
The UN rapporteur on the Right to Food, Olivier de Schutter, added his weight to Masters» side of the debate at the end of last year when he concluded a speculative bubble was responsible for a significant part
of the food price rises.
A World Bank analyst attributes 70 percent
of the food price rise to this diversion of food to produce fuel for cars.
Not exact matches
For instance, legislators like Sens. Elizabeth Warren
of Massachusetts, Bernie Sanders
of Vermont, and Jeff Merkley
of Oregon recently warned that Cures amounts to a big pharma giveaway which will weaken regulatory standards on drugs, provide a mere pittance to the National Institutes
of Health (NIH) and the
Food and Drug Administration (FDA), and do nothing to confront the
rising tide
of high drug
prices.
Yum China, under new boss Micky Pant, is facing a cocktail
of challenges in China: a slowing fast -
food market, the
rise of food delivery apps creating an online
price war, and a lack
of local franchise partners.
Stripping away the effect
of fresh
food and energy, consumer
prices rose 0.4 percent in January from a year ago.
Food prices rose 0.2 percent, with food away from home up 0.4 percent, its biggest gain in a year and part of a 2.5 percent annualized g
Food prices rose 0.2 percent, with
food away from home up 0.4 percent, its biggest gain in a year and part of a 2.5 percent annualized g
food away from home up 0.4 percent, its biggest gain in a year and part
of a 2.5 percent annualized gain.
It's likely Ontario's restaurant
food inflation will continue to
rise, he said, as
price - sensitive restaurateurs realize they did not increase
prices enough initially or learn they did not account for the costs
of other new legislation, including new rules around vacation and holiday pay.
Expectations were for
prices to fall 0.4 % in December from the prior month, with
prices expected to
rise 0.1 % when stripping out the more volatile costs
of food and energy.
«Core»
prices, which exclude the more volatile costs
of food and energy,
rose 0.3 % month - on - month in December and
rose 2.1 % when compared to the prior year.
[As] concerns over
rising food prices subsided [from the second quarter], political stability is now the second highest concern after recent high - profile demonstrations and as politics [dominates] the media headlines,» Richard Hall, country manager
of Nielsen Malaysia, told CNBC in an e-mail interview.
Arnold said this is the last phase
of Chipotle's planned
price increase and is a response to
rising inflation in
food and labor costs.
Any shortfall would lead to
rising food prices that would hit the world's poor hardest, as has already occurred from
price increases
of recent years.
Feb 2 U.S.
food companies called out
rising freight costs as a reason for lower profit margins in the holiday quarter, with more pain seen in 2018 as a dearth
of drivers and higher diesel
prices make it even more expensive to transport products to stores.
The latest data show Japan's core consumer
price index (excluding fresh
food)
rose 1.0 % year - on - year in February, accelerating from a gain
of 0.9 % in January.
Food prices measured by the Bureau
of Labor Statistics
rose 0.3 percent in April, bringing this year's gain to the highest since a 3 percent increase in the first four months
of 1990.
Excluding energy,
prices rose 1.0 %, while
prices of food, alcohol and tobacco increased 1.7 % and
prices of services were 1.1 % higher.
After stripping out
prices for
food and energy, which tend to be more volatile,
prices rose by just 0.7 % in the 12 months to December — the lowest rate
of «core» inflation since records began in January 2001.
But services
prices also fell during the month, while
prices of manufactured goods and
food rose slightly.
Higher
food prices could pose a challenge to the government
of the nation's president, Jacob Zuma, who is confronting widening public anger over
rising income inequality and whose party, the African National Congress, is expected to face serious challenges in municipal elections this year.
First,
food and energy are a bigger part
of CPI baskets in these countries than in the developed economies, so the impact there
of the
rises in commodity
prices is larger.
The most welcome news was that the core consumer
price index (CPI)-- which excludes
food and energy —
rose 2.3 percent year - over-year in February, representing the fourth straight month
of inflation and the highest rate since October 2008.
Inflation is higher than the core CPI indicates for a wide number
of reasons, but the simplest one is that they exclude
food and energy, whose
prices have
risen at faster than everything else for the past 10 - 20 years.
Over the year,
food prices rose by 4 1/2 per cent, with above - average
price rises being recorded for a number
of commodities affected by the drought.
Charges add up while the cost
of living constantly
rises, from higher bank fees and insurance premiums to
rising property taxes and commodity and
food prices.
Another important, although more temporary influence on inflation recently has been a large
rise in the
price of food, which was up by 1.8 per cent in the December quarter, and by 3.4 per cent over the year.
This partly reflects the impact
of higher
food prices and
rising indirect taxes, with underlying inflation a little under 1 3/4 per cent.
Increases in
food prices, erosion
of Qatari fiscal balances and a
rise in borrowing costs are real risks Qatar will continue to face if the situation is not settled amicably, according to M.R. Raghu, head
of research at Kuwait Financial Center (Markaz) and managing director
of Marmore Mena Intelligence.
Under the new law
prices will
rise about 12 per cent for some
food products, but that is not as tough as some had feared because it made no mention
of preventing goods being mailed to China by shoppers in places like Australia or Hong Kong.
Over the last five years, as Coles challenged suppliers and cut or absorbed cost
price rises, the retailer has recorded annual
food and liquor deflation
of 1.5 per cent and claims to have saved the average family more than $ 600 a year off their grocery shop.
UBS analyst Ben Gilbert said retailers were responding to the shrinking pool
of supplier funds by using fresh rather than packaged
food and groceries to lure shoppers, improving their private label offers and using
price «creep» (
price rises that are not passed on to suppliers) to boost margins.
Refrigeration being one
of the largest energy users for a
food processor, could have an easy to implement solution to
rising energy
prices.
While the world's media is bemoaning
rising food prices, the French government is sniffing around the
food industry for signs
of gleeful profiteering.
Nestle doesn't expect raw material
prices to
rise further this year, despite a recent FAO report that forecasts an increase
of over 2 per cent in the world
food import bill in 2006.
Prices for a number
of key
food ingredients in Russia have
risen in January and February, according to a recent survey, and supply difficulties are expected to keep costs high for the foreseeable future, reports Angela Drujinina.
Global dairy
prices leapt up in January
rising more than any other group
of food commodities in the monthly Food Price Index, published by the UN food age
food commodities in the monthly
Food Price Index, published by the UN food age
Food Price Index, published by the UN
food age
food agency.
Last week saw a string
of communications about
food price rises: first warnings were aired about wheat, then meat, then dairy.
The evidence that is available about
food production and processing, but not included in the Green Paper, is that the sector's businesses are in the main under considerable financial pressure as a result
of falling real commodity
prices,
rising input costs, increased government regulations,
rising labour costs, and lower retail margins.
«
Food prices in Australia have
risen significantly but only a small part
of this can be blamed on any lack
of competition.
Food price rises have a host of implications — for society, for public health and for the food and drink indus
Food price rises have a host
of implications — for society, for public health and for the
food and drink indus
food and drink industry.
If
food prices were to
rise again, it is likely that there would be a decrease in the volume
of waste produced by consumers in developed countries.
Analysts predict the average basket
of food prices will
rise by 15 % by June 2013.
Yet this island nation is also heavily dependent on
food imports, and the combination
of steep tariffs and
rising world
prices could prove difficult for policymakers once the impact is felt by consumers and business owners.
As
prices have
risen,
food manufacturers have turned to cheaper vanilla flavours that are produced artificially; these now account for around 95 %
of the total market.
However, much
of this increase was just in the last year, as consumer
prices for oranges
rose 23 % between March 2013 and March 2014 — more than any other
food product.
«As the global availability
of nutritional, high - quality
food supplies becomes more critical — due to a growing worldwide population and
rising food prices — consumers are becoming increasingly concerned with
food freshness, shelf life and cost.
«As the standard
of living
rises in those countries, our high - quality
food exports are in even higher demand, and that puts pressure on
prices,» it said.
The
price of food continues to
rise and even the dirt to make the cookies, which comes from the country's central plateau, has gone up in cost.
When talking about feeding our families and the challenges we face, 57 %
of us say
rising food prices and 47 %
of us saying staying on a budget.
The economy is bad, gas
prices are high,
food prices are
rising and many green families may be wondering how they can afford organics, costlier natural items, and some
of those green gadgets that cost more now and end up helping you save later.