'It's simple supply and demand.' As extreme weather makes growing crops ever more challenging, rich and poor nations alike should prepare for a food inflation shock. Register with FT Edit to read for free.
Financial Times’ Post
More Relevant Posts
-
#US #labour #data tops modest run of data and events; digesting #French #Production, #SouthKorea #inflation; final #MichiganSentiment, #UN FAO #Food #Priceindex, some central bank speakers and US ‘#BigOil ’ earnings ahead https://lnkd.in/eRQNeVVT
To view or add a comment, sign in
-
Provided (there is) no escalation of geopolitical risks particularly on the Israel-Hamas war and the potential effects on world oil prices, and also provided (there is) no large storm or El Niño drought damage, headline inflation could ease further, well within the two to four percent BSP inflation target, to even below three percent by January-February 2024 and three percent levels for March 2024. https://lnkd.in/gNZZqp_B
Inflation likely eased below 3 percent in January
philstar.com
To view or add a comment, sign in
-
Noted the inflationary impact from Typhoon Carina and the southwest monsoon. Realistically, there may be some temporary pickup in prices in hard-hit areas until logistics normalize, also in view on some damage on agriculture… that could lead to some transitory pickup in food prices. The Monetary Board will likely cut by 25 basis points (bps) at its Aug. 15 meeting, especially if inflation remains within target. https://lnkd.in/gx9P3qxS
BSP sees July inflation at 4%-4.8% - BusinessWorld Online
https://www.bworldonline.com
To view or add a comment, sign in
-
Tamimg Inflation ( price of goods & services)- Demand Side - an independent Central Bank's contractionary monetary policy stems money supply by hiking price of money ( interest rates) & price of FX. Supply Side - raise production of goods & services https://lnkd.in/dYnEhap3
Soaring food-price inflation is hurting Nigeria’s poor
economist.com
To view or add a comment, sign in
-
25 basis point cut could still be on the cards for the August 15 policy meeting, provided inflation stays within the central bank’s 2-4% target. While Super Typhoon Carina and the enhanced southwest monsoon are likely to push up food prices, especially for vegetables. Price freezes imposed in calamity-hit areas should also help mitigate inflation pressures. Sees a potential temporary uptick of 0.5 to 1 percentage point in July and August. A 20 percent decline in imported rice prices could help offset some of this inflationary pressure. https://lnkd.in/g3qae5tr
To view or add a comment, sign in
-
Super interesting piece on not accounting for #climate for #monetarypolicy decisions. Under acute weather conditions, a 1% shock in the output gap triggers a cumulative inflationary effect (over a 12-months) 0.90% higher than under neutral environmental states. This discrepancy deviates #inflation from #Mexico ’s Central Bank target because of supply constraints and demand pressures which mainly affect agricultural inflation. Important for a as agriculture contributes 3%–4% to MX's GDP, and its products to 40% of basic basket of goods consumption. https://lnkd.in/gygPJzhx
Inflation dynamics under different weather regimes: Evidence from Mexico
sciencedirect.com
To view or add a comment, sign in
-
Inflation - Who's got the Control Lever ? I've always had great empathy with Central Banks in that they're generally trying to control inflation with the single 'blunt' lever of interest rates. What if there's no connection to interest rates whatsoever though? What if it's purely down to mass consumer behavour in the short-term and population demographics in the longer-term ? Thought provoking stuff from Peter Zeihan . 🤔 On finance day at COP28 Ray Dalio made the profound observation that 'We're living in a world that doesn't have enough money' 🤔 So does that make money worthless then? ..... and if so then what use is the control of interest rates as a geopolitico-economic lever? 'mon the Zoomers 👏👏👏 Heck, if we can control inflation without central banks then maybe we can abait climate change without the meaningless sand-dancing B.S. resolutions that eminate from the COP process? #degrowth #postgrowth #consumerism #zoomers
Inflation: What's Causing It and Why? (COVID and LABOR) || Peter Zeihan
https://www.youtube.com/
To view or add a comment, sign in
-
INFLATION TOO HIGH #inflation #inflationnation #highcost #highcostofliving #raisingafamily #costoffood #costofeverything #stockmarkethighs #corporateprofits #corporateprofitsfirst #gaspricessuck #highcost
To view or add a comment, sign in
-
Chart from Alpine Macro in The Daily Shot showing that leading indicators of shelter inflation are moving lower that eventually should move through official indices of inflation with a lag helping to continue to push down inflation over time. #inflation #shelterinflation
To view or add a comment, sign in
-
* Higher rates are actually having an adverse effect by fueling inflation: Rent inflation soared to 8.18% in March 2023 — a 42-year high — but was 5.2% in July, still much higher than the 2% target. (FT) * Weather impacts everything, especially farming: cocoa, orange juice, eggs, and coffee prices have all soared double digits mostly due to crop/produce damages....all boost inflation.....that boosts interest rates.....that impacts real estate. (CNBC)
To view or add a comment, sign in
7,364,296 followers