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Annual inflation rate in India edges towards 8 percent; FinMin "concerned" India's wholesale price index (WPI)-based inflation rate has risen to 7.83 percent in the 12 months to May 3, marginally higher than previous week's annual rise of 7.61 percent, even as India's Finance Minister continues to reassure the people that price rise will moderate in a few weeks. 17 May 2008
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UN food agency says rice prices surging in Myanmar Rice prices in Myanmar's capital have surged 50 percent since deadly cyclone Nargis, which flooded entire rice-growing areas, a United Nations food agency said Monday. 12 May 2008
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Israel, Palestinians need to show progress: Rice The Bush administration has told Israeli and Palestinian leaders they will need to show progress in their secret talks soon, or risk a potentially fatal erosion in public support for a process now in its sixth month without any obvious successes. 11 May 2008
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Inflation rise "stable," "not significant," says Chidambaram, promising downward trend soon India's Finance Minister P. Chidambaram has assured that inflation is under control, Friday, even as government data showed that the nation's wholesale price index (WPI)-based annual inflation rate has risen to a new 42 months high of 7.61 percent in the 12 months ending April 26, 2008. 10 May 2008
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India's annual inflation rate hits 7.61 percent; Govt. bans future trading in essential commodities India's wholesale price index (WPI)-based inflation rate has risen to a new 3 and 1/2 years high of 7.61 percent in the year ending April 26, 2008, marginally higher than previous week's annual rise of 7.57 percent and 0.07 percent lower than the figure it touched on Nov. 13, 2004, government data has revealed on Friday. 09 May 2008
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Indian steel makers agree to lower prices by 5-10 percent to fight inflation In a bid to fight inflation which has touched a three and a half years high, steel makers in India have announced that they would be cutting prices for flat steel products by Rs.4,000/tonne while steel bars and rods used in construction will be cheaper by Rs.2,000/tonne. 08 May 2008
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Oil prices steady in Asian trading after record near $124 Oil prices held steady Thursday in Asia after jumping to a record near $124 a barrel as investors captivated by the market's upward momentum seemed to ignore figures showing an increase in U.S. crude and gasoline supplies. 08 May 2008
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Cyclone has devastated Myanmar's rice region, experts say Myanmar's rice-growing heartland has been devastated by Cyclone Nargis, posing worries of long-term food shortages for the impoverished country and political problems for its military regime, experts said Wednesday. 07 May 2008
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Let's have a hearty laugh over Bush's gaffe Let's admit it. Bush committed a gaffe when he commented that the growing number of middle class in India triggers increased demand for "better nutrition" which in turn leads to higher food prices. 07 May 2008
