Tag: price index

price index
Tuesday, April 12th 2011 - 04:20 UTC

IMF presents report to develop a new consumer price index in Argentina

Argentina’s Economy minister Amado Boudou

The IMF has presented a report to Argentine authorities with specific recommendations for developing a new, nationwide consumer price index to replace the much-criticized current index, the fund said in a press release Monday.

Monday, February 28th 2011 - 06:32 UTC

Inflation challenges Brazil; tighter monetary measures anticipated

Finance minister Mantega argues higher bank reserves and capital requirements are more effective than interest rate increases

Brazil's general price index, or IGP-M, rose 1% month-on-month in February, compared to 0.79% rise in January, the Getulio Vargas Foundation said Friday. Economists' had forecast the index to rise 1.01%.

Thursday, February 3rd 2011 - 16:40 UTC

World food prices at historic peak in January seventh month running, says FAO

World food prices surged to a new historic peak in January, for the seventh consecutive month, according to the updated FAO Food Price Index, a commodity basket that regularly tracks monthly changes in global food prices.

Tuesday, January 11th 2011 - 21:38 UTC

FAO food prices index marks record; threat for global growth and social stability

Bolivia had to roll back fuel increases because of its impact on food prices

The United Nation's Food and Agricultural Organization, FAO, global food prices index reached a record high in December, 2010 reported the organization this week. The FAO food index tracks a basket of 55 key food commodities including items such as wheat, cooking oil and fats and sugar.

Wednesday, August 18th 2010 - 19:11 UTC

Bank of England warns about high inflation; rate won’t drop to 2% until mid 2012

Mervyn King had to write the eighth letter in three years to explain “stubborn” inflation

The Governor of the Bank of England warned of the dangers of ‘destructive’ high inflation after admitting his surprise that the rise in the UK cost of living continues to overshoot targets, according to a report in the Daily Mail.

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