food prices

The European Union limits a biofuels target for road transport, concerned that biofuels contribute to rising food prices.

Wet weather affecting harvests could cause food prices to rise further, industry experts warn.

The Department of Labor says inflation is growing at the fastest rate in 17 years. The Consumer Price Index was up about 5.5 percent from a year ago.

Energy and food prices drove the increase in July. With oil prices falling, inflation could slow in August, but the pain may linger.

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Home heating bills are expected to soar this winter and Americans, already struggling with high gas and food prices, are bracing for more financial hardship.

Prices of basic foods from bread to beef rise by up to 50% in Venezuela after the government eases price controls.

For some farmers in Honduras, high food prices mean greater profits. But others can't afford the higher costs for fertilizer and pesticides, so they're cutting back on production.

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AP - Americans faced with high gas and food prices focused even more on necessities and shunned clothing purchases in July, resulting in solid gains for discounters and sluggish sales for mall-based apparel stores.

The Bush administration wants ethanol in gas tanks and has mandated that more than 11 billion gallons of it be made next year.

The debate is whether, and how much, ethanol is to blame for rising food prices. Consumers may not realize that the ethanol mandate may also be raising the price of diesel gasoline.

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