Agflation

Agflation

Agflation, a term coined in the late 2000s, describes generalised inflation led by rises in Agricultural commodity prices. In the United States, agricultural prices are not generally factored into core inflation figures. The term describes a situation in which "external" (ie Agricultural) price rises drive up core inflation rates.

It has been claimed that the term was invented by analysts at Merrill Lynch in early 2007. [ [http://www.247wallst.com/2007/05/cramer_talks_ag.html Cramer Talks Agflation] , 24/7 Wall Street, May 08, 2007]

ee also

*2007-2008 world food price rises
*Inflation
*Biofuels

References

* [http://www.economist.com/displayStory.cfm?story_id=9707029&fsrc=RSS The agonies of agflation] ,Aug 25th 2007, From Economist.com.
* [http://www.investopedia.com/terms/a/agflation.asp Agflation:] Investopedia.
* [http://www.thenews.com.pk/daily_detail.asp?id=105821 'Agflation'] , The News (Pakistan), Roofi Jamil, Wednesday, April 09, 2008.
* [http://www.rgemonitor.com/latam-monitor/621/global_agflation_energy_security_and_bio-fuels Global Agflation, Energy Security and Bio-fuels] , Otaviano Canuto, Latin America EconoMonitor. 23 February 2008.

External links

* [http://www.reuters.com/news/globalcoverage/agflation Reuters wire stories:] Global Coverage Agflation.
* [http://ipsnews.net/news.asp?idnews=42134 IPS Inter Press Service article:] What Is Really Causing Agflation?


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