South African food prices cause consumer stress

[lovuian]

http://feeds.bignewsnetwork.com/?sid=352896

n South Africa, food prices are rocketing and contributing significantly to inflation, which this week hit double digits for the first time in five years.

Consumers are also having to contend with interest rate increases, the threat of a 53 percent increase in the cost of electricity and the spectre of paying higher prices for petrol.

Economists have pointed out that the rise in food prices is an international phenomenon with the emerging countries now eating more meat due to their rising wealth.

The other major reason was boifuel production and drought in major food producing countries.
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This Oil price thing is affecting the World food prices
is this what Opec wants????

[UndertheOcean]

1. You think there is more oil and Opec is simply refusing

to suck it out of the ground ?

[lovuian]

3. I think they are being greedy

its one thing to increase the price but when you sitting on zillions and making the rest of the world starve

Ya I think they are being heartless

[UndertheOcean]

4. So you don't buy the Peak Oil Theory ?

[thunder rising]

2. The only difference between now and the 80's is that we have a true moron for a pResident.

[lapfog_1]

5. Nah... the previous gas shortage

was in the mid seventies... not the 80's.

And that was strictly a political move by OPEC.

This one is much different.

And, yes, we have a true moron for Pretzlenut.

But we ignored the warning signs in the 70's, 80's and 90's.