Food prices in Germany will continue to rise, the German Farmers’ Association warned on Wednesday, citing soaring energy costs as a major factor. The conflict in Ukraine and its economic fallout have had “a massive impact on German agriculture,” Joachim Rukwied, president of the German Farmers’ Association, said in an …
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Ukraine’s central bank more than doubled its benchmark interest rate on Thursday in an attempt to tackle double-digit inflation and defend the nation’s currency, the hryvnia. The rate was raised by a whopping 15 percentage points, bringing it to 25% from 10%, a statement on the regulator’s website says. The …
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Major producers of food and beverages in Japan are planning to raise prices for 3,615 items from June, while the total number of items that are expected to see price hikes will total some 8,400 this year, according to a poll carried out by Teikoku Databank. “This summer looks to …
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The US Federal Reserve’s Federal Open Market Committee has boosted its benchmark interest rate by 25 basis points, the first increase in over three years as the policymaking body seeks to rein in near-record inflation. The new rate will run between .25% and .5%. In addition to the rate hike …
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In GPU declared that she had not opened criminal proceedings on the fact of increase in prices of liquefied petroleum gas.The General Prosecutor of Ukraine (GPU) has not opened criminal proceedings on the fact of increase in prices of liquefied petroleum gas, as described in the response of GPU to …
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