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As oil prices rose, some countries decided to start unwinding these distortions.
ECONOMIST: The real lesson from volatile commodity prices
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On Wednesday, the airline sector fell hard as oil prices rose, although though shares of Midwest Air Group kicked up 5.3% on word of a higher bid for the company from AirTran Holdings.
FORBES: Magazine Article
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Goods-and-services imports rose by 3.4% in October, fuelled by higher oil prices as well as continued strong domestic demand for foreign goods.
ECONOMIST: Overview
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The prices of basic food items such as bread, milk, vegetables, and cooking oil, which rose 47 percent between 2011 and 2012, continue to climb.
FORBES: Despite Being Economically Unfree, Iran's Economy Shows Resilience
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In America, the energy index rose a whopping 3.8% in September as petrol, heating-oil and natural-gas prices all shot up.
ECONOMIST: Whiffs of inflation? | The