The impact of the increasing global oil price got more influenced. The price of several industrial processed basic stuffs began to increase to 25 percent. This is because the price of fuel oil for industry also hiked. For the many times, the price of fuel oil for domestic industry was raised following the increase on global crude oil price which continued soaring. The impact was that prices of basic stuff increase since a week ago. At a number of traditional markets, some basic foodstuffs like wheat flour increased from 7500 to 9000 rupiah/kilogram, instant noodle from 25.000 to 36.000 rupiah/carton, sweet soy sauce and packaged cooking oil increased from 9000 to 11.000 rupiah, as well as detergent and soap bar. To food and beverage industry, the hiking price of their processed product was inevitable. The increase that has reached 25 percent at the moment apparently will continue to hike in the next months, considering that starting in December, Pertamina will raise the price of...
High fuel and food prices sparked a pick-up in German inflation in May, stoking euro zone price pressures and strengthened the case for a rise in interest rates by the European Central Bank. ///...
A smaller increase in the price of gasoline meant Canada's annual inflation rate slid to 1.4 per cent in March - the lowest growth rate since January 2007, Statistics Canada said Thursday. The...
The Canadian Taxpayers Federation staged demonstrations at Toronto gas stations yesterday to highlight how much of the soaring price of fuel actually goes to the government through excise taxes.
Asia stocks fell on Friday with inflation worries magnified by record high oil prices and slowing economic growth. News that Japan's annual inflation rate rose to a decade high also unnerved...
China unexpectedly raised retail gasoline and diesel prices by up to 18 percent on Thursday (June 20), the sharpest ever single increase. It is the country's first hike in eight months and...
Asia stocks gained on Monday with investors piling back into the financial sector after a smaller than expected loss at U.S. giant Citigroup late last week. Major banks such as Hong Kong's HSBC...
Asia stocks sagged on Thursday with investors sentiment sagging just as China moves into high gear ahead of the Olympics. Oil prices continued to tumble with crude now down nearly 20-percent from...
A UK fund denied a larger stake in a Japanese electricity firm is waging a proxy fight for higher dividends and cross-shareholding limits. The Japanese government rejected The Children's...
Oil prices surged nearly $5 to a record near $134 a barrel on Wednesday (May 21) after a U.S. government report showed a surprise drop in crude stockpiles, reinvigorating fears of a supply crunch....
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