Tag: agricultural commodities
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Coffee prices are crashing. What it means for your cup of joe
New York CNN Business — Coffee futures are crashing. But that might not mean too much for the price of your cup of coffee. In August, Arabica coffee futures were trading at $2.43 per pound. By Wednesday, the price had tumbled to $1.59, a roughly 35% decline. There are a few reasons for the steady…
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Inflation isn’t going anywhere. Look at Europe’s data
London CNN Business — European inflation has accelerated to a new record high as energy and food prices in the region continue to skyrocket. Prices across the 19 countries that use the euro increased at an annual rate of 10.7% in October, up from 9.9% in September, according to initial estimates released Monday. Energy prices…
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UK inflation back at 40-year high as food prices soar
London CNN Business — Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as cash-strapped households pull back on spending amid broader economic turmoil. The annual rate of inflation rose to 10.1% in September, up from 9.9% in the 12 months to…
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Food prices are soaring, and that’s changed how we eat
New York CNN Business — Lisa Altman used to take pride in being able to eat what she wanted without worrying much about the cost. When she was growing up, seconds weren’t served and side dishes were rare. “My mom had a budget every week, and she stuck to it,” she said. “As I got…
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With food prices rising, this urban farmer is on a mission to help thousands of people grow their own
Editor’s Note: Know someone who inspires you? Click here to nominate them as a CNN Hero. CNN — In the state of Georgia, where one in eight people face hunger, one farmer has made it his mission not only to feed the hungry but to help them grow a bounty in their own backyard. “My…