Trésor-Economics No. 32 - Do rising food prices pose a risk of persistent inflationary pressure?
Prices of agricultural commodities rose sharply in 2006 and 2007. The causes of the trend are both cyclical and structural, which means prices could remain durably high and very volatile. Several exporting regions, especially Australia and Europe, have recently suffered climate events. Cereal and dairy production have fallen as a result, reducing inventories and causing tension in world markets. M... Lire la suite