Producer prices at 16-year-high
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Rising petrol and food costs push the price inflation of goods leaving UK factories to a new 16-year high.
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Oil prices have been at record highs this year, with money gushing into the coffers of oil producers thanks to the world&#39;s growing thirst for oil.
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A global boom in the cost of commodities, the staple ingredients of a modern economy, is entering its sixth year with no end in sight.
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By CRONSHAW, Tim  Dairy farmers are worried that the 11-year high for international dairy prices will count for nothing if the New Zealand dollar continues to rise.   The kiwi, trading at about 68c against the United States currency, has negated buoyant commodity prices.
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European inflation is confirmed at a six year high on high food prices.
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Converting corn and soybeans into fuels is contributing to higher food prices. The dispute is how much.
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Prices spiked 4.1 percent last year, the highest increase in 17 years.
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The rapidly growing biofuel industry will push farm commodity prices higher in coming years, a study says.
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Higher prices for oil and food powered the rise in import prices, while export prices increased 1.2 percent, the largest rise since January 1989, the government said.
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Venezuelan President Hugo Chavez said Sunday that taxes on foreign companies extracting heavy crudes from Venezuelan soil would be raised to 16.
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Wholesale inflation rose last month at the fastest pace in more than 14 years, largely because of steep jumps in energy and food costs, the government reported yesterday, raising concerns
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Higher oil and food prices push up inflation in the eurozone to its highest in more than six years.
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Some suppliers are already charging 35 cents a gallon higher than 2003.
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Wholesale prices shot up 1.7% last month, biggest gain in nearly 15 years and well above expectations, as energy costs skyrocketed and food prices surged, a government report said Tuesday.
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Higher oil prices pushed up inflation in the UK and sent factory prices in the US to a 15-year high, according to official figures released on both sides of the Atlantic yesterday.
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Producer prices surged 3.2 percent in November, the biggest rise in 34 years, on a record rise in gasoline prices, the Labor Department said on Thursday.
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Retail sales rose a strong 1.2 percent in November in a bright sign for the holiday shopping season, but producer prices posted their biggest gain in 34 years, offering a reminder that rising costs are weighing on the economy.