India reported this week that its inflation at the producer level has surged up an eye-popping 9.9% year over year.

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Libby Bierman, Sageworks analystThe improved profitability is impressive, considering modest inflation at the producer level in recent years, as measured by the Producer Price Index.

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It was reported this morning that the Producer Price Index, measuring inflation at the producer level, rose 0.8% in November, its biggest gain since March.

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Wholesale-level inflation, via the Producer Price Index, is running in the 4 to 6 percent range in most developed economies.

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The Labor Department also reported the producer price index, which measures inflation at the wholesale level, climbed 0.3% in April after dropping 1.2% in March.

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In January, Ali Naimi, the Saudi oil minister, said that the world's largest oil producer aimed to keep oil prices at the triple-digit level throughout 2012.

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The world's largest steel producer, owned by billionaire tycoon Lakshmi Mittal, wants a "level playing field" when it comes to competing with other companies "because these conditions are not applicable in the other countries, " according to Samaddar.

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Al Marri, who is a filmmaker himself and has worked with the Abu Dhabi Film Festival as a content producer, says UAE filmmakers should also be looking towards creating movies on an international level rather than solely targeting a local audience.

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