Thursday 24 April 2014
 
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food price

Turkey raises inflation forecasts for 2013, 2014

Turkey's central bank raised its inflation forecasts for the end of this year and next on Tuesday, saying exchange rate volatility posed a threat to prices, and said it may cut its annual growth forecast. The bank hiked its mi

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Kuwait inflation cools, but food prices a worry

With food price inflation slowing in Kuwait, a major source of upward pressure has abated. However, the recent pick-up in global food prices suggests that inflationary pressures in this category could yet return, said a report. Th

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Saudi Arabia's May inflation eases to 5.1pc

Saudi Arabia's annual inflation eased to a nine-month low of 5.1 per cent in May, despite a slight rise in food and housing prices, official data showed on Saturday. Consumer prices slowed to 5.1 percent in May from 5.3 per cent in the sam

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Global food prices easing, volatility high

Global food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said . However, it warned that a possible rise in oil prices could reverse the trend.

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Global food prices easing, volatility high

Global food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said . However, it warned that a possible rise in oil prices could reverse the trend.

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Qatar inflation hits 20-month high in Aug

Qatar's annual inflation for August reached its highest level since at least January 2010, hitting 2.1 per cent year-on-year, data from the Gulf country's statistics authority showed on Wednesday. Consumer prices rose to 0.2 per ce

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Deal to curb food price volatility in sight

G20 members were on the verge of signing an agreement on Thursday over measures to curb volatility in staple food prices after late-night talks yielded progress in the first-ever farm meeting of the Group of 20 major economies. The final

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Food price poses threat to global growth

Food, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery.    Assuming Saudi Arabia's oil flows unimp

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Food price rise fury in Jordan

More than 5,000 Jordanians took to the streets across the country yesterday protesting rising prices for fuel and foodstuffs. University students, leftists and labour activists staged rallies in five cities - Amman, Irbid, Karak, Salt and

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Moroccan consumer prices ease

Moroccan consumer prices eased 0.7 per cent year-on-year in January as falling food prices more than offset increases in other areas, according to the state High Planning Commission. Food prices, which account for more than 40 per cent of

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