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Czech News in English » Business » Finance » Czechs already feel pinch of global food prices surge

Czechs already feel pinch of global food prices surge

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Food prices keep raising all over the world, due to high oil and fuel prices combined with weather problems which caused bad harvest in Russia, Ukraine, Australia and Argentina. In the Czech Republic, growing global prices of cocoa, corn or coffee has already taken effect, causing an increase in retail prices of sweets and some pastry. More price hikes of basic food products, such as bread, are expected in March.

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