Three items on rising prices the BBC website today. The following video focuses on risng wheat prices and their effects on those in farming and consumers:
http://news.bbc.co.uk/media/avdb/news/uk/video/158000/bb/158238_16x9_bb.asx?ad=1&ct=50
Oil prices continue to rise, attributed to the falling value of the US dollar against the Japanese yen and the euro and failure of OPEC to increase production despite increases in demand from China. Geof Riley provides a good analysis of the situation on tutor2u.
http://news.bbc.co.uk/1/hi/business/7289070.stm
http://www.tutor2u.net/blog/index.php/economics/comments/110-for-diesel-and-further-rises-to-come/
China's inflation hit 8.7% in February, the highest rate in over 11 years. Soaring food prices were driving inflation, up 23.3% in February against the previous year.
http://news.bbc.co.uk/1/hi/business/7288940.stm
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