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Farmers Bring Their Demands to Athens as Costs Surge

Greek farmers with their tractors rally in front of the Greek parliament, over unsolved issues after weeks of blockades. Greek farmers converged on Athens in a powerful display of frustration over rising production costs that they say are pushing them to the brink. Driving tractors, carrying banners, and gathering in Syntagma Square, they demanded stronger government support to keep their farms viable. The protesters argue that soaring fuel prices, higher electricity bills, and increased costs for animal feed and fertilizers have made it nearly impossible to sustain their livelihoods. Many also want long‑term structural reforms, including better access to water resources and more predictable subsidies. Government officials have acknowledged the pressure on the agricultural sector and signaled willingness to negotiate, but farmers insist that previous promises have not been enough. Their message in the capital was clear: without meaningful relief, Greece risks losing a vital part of ...
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Canada’s inflation rate drops to 3.1% in October

 


According to Statistics Canada, the annual rate of inflation in Canada held steady at 6.9% in October amid dropping pressure on grocery prices. October’s Consumer Price Index (CPI) reading matches that of September. Economists had been expecting the CPI to accelerate last month as gas prices rose in October. However, prices at the pump were 9.2% higher in October than the month previous, putting blame on a weaker Canadian dollar and cuts in production from OPEC.

The headline rate eased in late 2022 as gasoline prices fell, but key sources of inflationary pressure, including food and shelter, showed little signs of moderating . However, the inflation rate cooled down to 3.1% in October 2023, as gas prices dropped . This is a positive sign for the economy as it indicates that the Bank of Canada’s efforts to ease price pressures are working.

Title: Canada’s Inflation Rate Cools Down to 3.1% in October 2023 as Gas Prices Drop

In conclusion, the inflation rate in Canada has been a cause of concern for the government and the public alike. The recent drop in gas prices has brought some relief to the economy, but the government needs to continue its efforts to bring the inflation rate down to a more manageable level.

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