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The effects of food inflation largely explain how the top economy wonks in the world's two...

The effects of food inflation largely explain how the top economy wonks in the world's two largest economies can have such fundamentally different policy views. The weight of food and energy in consumer budgets and price indexes is at least twice as large in emerging markets as in the U.S. and other developed economies.
Comments (4)
  • Syncopated
    , contributor
    Comments (20) | Send Message
     
    other people??? what other people??
    19 Nov 2010, 04:03 PM Reply Like
  • ethernal
    , contributor
    Comments (44) | Send Message
     
    Uh, probably because they comprise a larger portion of the average persons expenditures? In the US, someone might spend $4k a year on food (real food, not food service) while earning $40k; in an emerging market, they may spend $2k a year on food but earn only $10k.

     

    Come on, this news currents post is just trolling.
    19 Nov 2010, 04:07 PM Reply Like
  • Duude
    , contributor
    Comments (3371) | Send Message
     
    Among other commodities we can expect corn will face both supply constraints and extra demand in the next year. Here in the US as this administration is pushing all states to get on the E-85 bandwagon, the rest of the world is facing a crop failure with corn. Corn is one of the most used food products world-wide.
    19 Nov 2010, 05:03 PM Reply Like
  • kmi
    , contributor
    Comments (4000) | Send Message
     
    Old news, ethanol and corn is so six months ago. These days it's been electric, wind and nat gas all the way.

     

    In other news we need more Potash to keep the crops growing... I like agriculture right now.
    19 Nov 2010, 08:05 PM Reply Like
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