food prices

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Soaring Inflation Rocks China
Soaring Inflation Rocks China

Soaring Inflation Rocks China

Food prices feeding public unrest

(Newser) - China's soaring inflation rate is the highest in a decade, putting pressure on the central bank to hike interest rates for the fifth time in six months to cool China's superheated economy. Food prices have jumped 18%, raising fears of public unrest., Bloomberg reports. Consumer prices rose across the board...

High Food Prices Hurt World's Poor
High Food Prices Hurt World's Poor

High Food Prices Hurt World's Poor

Relief groups find resources, ability to help stretched thin

(Newser) - For the world's poorest people, the quantity and quality of food are increasingly at risk. Wholesale prices of  basic foods are 21% higher now than in 2005, with grain surging more than 30%. What's more, the total volume of food delivered by US-funded groups has declined 52% in the last...

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