by BabyPeanut » Thu 27 Jan 2005, 20:24:30
How much of these cost increases are due to transportation fuel cost increases?
http://www.thecouriermail.news.com.au/c ... 53,00.html
$this->bbcode_second_pass_quote('', ' ')Fruit and petrol prices fuel leap in living costs
Fleur Anderson
26jan05
EXPENSIVE bananas and soaring petrol prices drove a surprise jump in Australians' cost of living over the last three months of 2004, according to the Australian Bureau of Statistics.
http://www.nynewsday.com/business/ny-bz ... -headlines$this->bbcode_second_pass_quote('', 'I')nflation on the rise
It likely won't surprise many New Yorkers who have been filling their gas tanks and buying milk, but the prices in the metropolitan area are rising faster than they have in 14 years and faster than in the rest of the nation.
Annual inflation in the region rose 3.8 percent in 2004, according to a Bureau of Labor Statistics regional report released yesterday. That's the highest rate since 1990, when regional inflation increased 6.2 percent, bureau regional commissioner Michael L. Dolfman said.
Within those 14 years, the regional inflation rate reached as low as 1.6 percent (in 1998).
Nationwide, inflation, as measured by the Consumer Price Index, rose 3.3 percent annually, the highest rate since 2000, according to the bureau's national report.
At the end of the year, however, a decline in gas and heating oil prices led the CPI to actually fall .1 percent in December.
$this->bbcode_second_pass_quote('', 'S')ugar prices may hit a 4-year high by June
Sugar prices in New York may rise to a four-year high by June because production from Brazil and Thailand is failing to keep pace with rising global demand, particularly from India, the world's top consumer, traders said.
Sugar surged 59 percent last year to a high of 9.37 cents a pound and may exceed 10 cents this year for the first time since 2001, said Adam Leetham, a trader at C. Czarnikow Sugar Pte. in Singapore. Supply from Brazil, the top producer, is limited by rising domestic demand, and in Thailand, the second-largest exporter, the government said the harvest may fall 20 percent.
...
"It is three times more expensive to buy sugar in the U.S. and make a candy product," Mars spokeswoman Liliana Esposito said. The company also is paying more for transportation and for employee health care, Esposito said.