Local prices may be distorted by trade barriers on beef, sales taxes, or big differences in the cost of property rents.
Local prices differ based on factors like vehicle population, which drives demand, and proximity to oil refineries, which affects distribution costs.
Because it takes virtually all residential property sales into account, the Land Registry's figures can provide a unique insight into not only national but local prices.
PPP, because local prices may be distorted by trade barriers on beef, sales taxes or big differences in the cost of non-traded inputs such as rents.
Farmers were frequently not paid the full world price for their crops, because governments were determined to keep local prices low in order to relieve hard-pressed consumers.
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Suresh Hundia, president emeritus of the Bombay Bullion Association, said that the change in base rate would only have a marginal impact on local prices of the gold.
Although airfares are still expensive (due largely to high fuel costs), once you reach your destination, local prices will be lower across the board than they have been in the past.
Of those who can stay all the year, many commute to the mainland to buy things there instead of paying the local prices, which remain high even when most businesses close for the winter and unemployment rockets.
That's the consensus of experts, based on ratios such as house prices to local incomes and mortgage payments to local rent prices.
He rigged local utility prices to bring profits to middle-men, while coalminers and power stations went unpaid.
Local energy prices tend to be around a third (or less) than prevailing market rates in Russia.
Estate agents mutter darkly about potential purchasers heading elsewhere rather than pushing local house prices even more vertiginously high.
The power station would mean reduced local energy prices, hundreds of new jobs during construction, and a new business park creating up to 2, 000.
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If Japanese investors were to repatriate that money sitting in Brazilian debt, it would cause the Brazilian real to weaken and Brazilian local bond prices to decline.
The basic service costs 30 rupees a month, and a premium service which provides detailed local crop prices in ten states is available at twice that price.
That poor Third World farmer out in the boonies gets more value from a weekly text telling him local sorghum prices than we do from gigabytes of web surfing.
Similarly, Gas Buddy and Local Gas Prices can come in handy to help locate the cheapest gas prices in a given area for regular, midgrade, premium and diesel grades.
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Much of this was the result of ongoing economic weakness in the developed world, although elevated local silver prices also led to lower demand in price-sensitive markets such as India, the report said.
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The system offers the usual satellite-radio amenities (XM NavWeather, local fuel prices, real-time traffic and stock updates, and more) as well as a brace of Internet apps, such as Pandora and Open Table.
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By setting up the kiosks, ITC enabled farmers to check that the prices being offered at their local mandi were in line with prices elsewhere.
Signs, however, are growing that both property prices and local-government borrowing are rising again.
GPs will be able to prescribe courses of exercise, and to negotiate bargain prices with local fitness centres.
New IT and internet firms continue to gather there in spite of the high prices of local property and the danger of earthquakes.
But as is the case with politics, all prices are local, and a national average isn't much use to see who's really getting hurt.
The producers of such shows can cover their costs at home, and then sell around the globe at prices that local programmers find hard to match.
It identified a number of issues including little affordable housing, more expensive vehicle fuel and higher prices in local shops which all contributed to a higher cost of living.
At the moment second home owners in England get a 50% discount on second properties which often tend to be located in rural areas forcing up house prices for local people.
For example, according to BCA Research, a firm of economic analysts, the prices of Chinese exports of electric motors and generators doubled over the past five years, yet because they remain much cheaper than American-produced products, their share of the American market has more than doubled, forcing local producers to cut prices.
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CLECs that simply repackage broadband connections they have bought from local phone companies at wholesale prices.
They say the West also dumps second-hand clothes into Africa at prices that stifle local textile production.
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