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Food prices climb almost 1% in April -
Summary from the United Kingdom, from articles in English
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Rising food and energy prices could push UK consumer inflation above 4% this year, the governor of the Bank of England has warned. (article 5)
This rise in the cost of leisure and recreation was offset by a fall in the price of DVDs, according to the ONS. (article 5)
US producer prices jumped by more than expected in May, pushed higher by the soaring fuel and food prices that are hurting economies acround the world. (article 7)
Yet despite expectations of slower growth, fears remain over higher consumer prices, especially with oil prices setting new record highs of almost $140 a barrel. (article 7)
Mr King gave his forecast as inflation soared to a 16-year high of 3.3 per cent during May, raising the prospect that the Bank will be forced to raise the interest rate to stem spiralling prices. (article 2)
Analysts had expected CPI, the official measure of inflation, to rise from 3 per cent to 3.1 per cent in May. (article 2)
The threat of high inflation remains a major worry for Asia, and could undo the progress made in the past 20 years, the Asian Development Bank (ADB) says. (article 6)
ADB managing director Rajat M Nag said inflation in 2008 would exceed the 5.1% annual figure predicted in April. (article 6)
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Other summaries about this story:
Other stories about inflation, prices and bank:
Event tracking:
Story keywords
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inflation, prices, bank, rate, food |
Source articles
- Bad yes, but at least we don’t have to listen to the Rollers (business.timesonline.co.uk, 06/18/2008, 407 words)
- Governor admits inflation may rise above 4% (business.timesonline.co.uk, 06/17/2008, 714 words)
- Inflation and the credit crunch: Q&A (business.timesonline.co.uk, 06/18/2008, 409 words)
- Where next for inflation? (BBC News, 06/17/2008, 370 words)
- Consumer inflation 'could top 4%' (BBC News, 06/17/2008, 832 words)
- Inflation dangers 'threaten Asia' (BBC News, 06/15/2008, 421 words)
- US producer prices up 1.4% in May (BBC News, 06/17/2008, 405 words)
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blaster@cs.columbia.edu
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