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Category Archives: Pricing

Higher food prices are here to stay

This is according to a new report by the OECD and the UN Food and Agriculture Organisation (FAO). The OECD-FAO Agricultural Outlook 2011-2020 says that a good harvest in the coming months should push commodity prices down from the extreme levels seen earlier this year. However, the Outlook states that over the coming decade real prices for cereals could average as … Continue reading

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Survey suggests continued growth in UK economy

The latest Economic Survey from the British Chambers of Commerce suggests that there was continued growth in the second quarter of 0.6% to 0.7%. The survey, which is based on data collected from over 5,600 businesses throughout the country found that domestic manufacturing sales surged by 29 points in the second quarter to +30% and manufacturing export sales rose by … Continue reading

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House prices fell in February

House prices fell by 1.5% in February, the first fall since June 2009, according to the Halifax. This gave an average house price of £166,857, which was 8% higher than the trough that was reached in April 2009. Commenting on the figures, Martin Ellis, Halifax housing economist said: “An increase in the number of properties available for sale has helped … Continue reading

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How firms price their products

I have just come across two interesting articles about pricing. The first one concerns the apple crop in New York State. It seems that New York’s apple orchards are being carpeted with red as unpicked apples drop to the ground. With the best of the crop off to market, growers say this year it’s cheaper to leave leftovers on the … Continue reading

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Book Wars

When firms get involved in price wars it is usually to the disadvantage of the companies concerned – unless they can force rivals out of the market – and to the advantage of consumers who enjoy lower prices. Or can it be more complicated than that?   Recently in the United States, Wal-Mart got involved in a price war on … Continue reading

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