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Raw Material Prices at New Record Highs |
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| Authors: | Klaus Matthies |
| Institution: | (1) Senior Economist, Department of International Macroeconomics, Hamburg Institute of International Economics (HWWA), Germany |
| Abstract: | Crude oil prices as well as most other commodity prices continued their upward trend this year, and several quotations reached new historic highs. But there is a ray of hope for buyers of raw materials that prices might come down somewhat. |
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