La Caisse Nationale des Assurances Sociales des Travailleurs Salariés (CNAS) a signé, ce mardi, un nouvel accord de partenariat avec plusieurs établissements hospitaliers publics et […]
L’article Prise en charge du cancer : La CNAS annonce une bonne nouvelle pour cette catégorie de patients est apparu en premier sur .
The inflation surge in recent years has produced profound social, economic, and political consequences. Food price changes, being part of inflation, affect low-income segments particularly strongly. This is important to consider because macro-economic and central banks’ attention is mainly on core inflation, which excludes food. What makes this period so unusual is the breadth of price pressures that involve both developing and rich countries, meaning that inflation has been getting more synchronized across borders. This study examines the driving factors behind global food price hikes and their rates of change. Our analysis reveals that a complex mix of causes has led to the soaring food prices in 2021-2022. The spread of COVID-19 produced disruptions in the world’s supply chains, pushing the cost of producing and transporting food upward. The increase in fertilizer and energy prices has further exacerbated production costs for agricultural products. Adverse climatic phenomena (La Niña), generating droughts in parts of Africa, Asia, and the Americas, caused damage to harvests and fueled inflation. The war in Ukraine and the trade blockade of grain exports made things worse. Additional culprits were speculative activities in financial markets that were already underway before the Russia-Ukraine war. Soaring inflation is increasing inequality and making vulnerable countries hungrier and poorer. At the same time, since global factors contribute to food price movements, implying that a crucial component of price inflation is exogenous to individual countries, the effectiveness of national monetary and fiscal policies could be limited. Instead, enhanced cooperation among nations with coordinated policy responses could be important to avoid the exacerbation of prices.
The inflation surge in recent years has produced profound social, economic, and political consequences. Food price changes, being part of inflation, affect low-income segments particularly strongly. This is important to consider because macro-economic and central banks’ attention is mainly on core inflation, which excludes food. What makes this period so unusual is the breadth of price pressures that involve both developing and rich countries, meaning that inflation has been getting more synchronized across borders. This study examines the driving factors behind global food price hikes and their rates of change. Our analysis reveals that a complex mix of causes has led to the soaring food prices in 2021-2022. The spread of COVID-19 produced disruptions in the world’s supply chains, pushing the cost of producing and transporting food upward. The increase in fertilizer and energy prices has further exacerbated production costs for agricultural products. Adverse climatic phenomena (La Niña), generating droughts in parts of Africa, Asia, and the Americas, caused damage to harvests and fueled inflation. The war in Ukraine and the trade blockade of grain exports made things worse. Additional culprits were speculative activities in financial markets that were already underway before the Russia-Ukraine war. Soaring inflation is increasing inequality and making vulnerable countries hungrier and poorer. At the same time, since global factors contribute to food price movements, implying that a crucial component of price inflation is exogenous to individual countries, the effectiveness of national monetary and fiscal policies could be limited. Instead, enhanced cooperation among nations with coordinated policy responses could be important to avoid the exacerbation of prices.
The inflation surge in recent years has produced profound social, economic, and political consequences. Food price changes, being part of inflation, affect low-income segments particularly strongly. This is important to consider because macro-economic and central banks’ attention is mainly on core inflation, which excludes food. What makes this period so unusual is the breadth of price pressures that involve both developing and rich countries, meaning that inflation has been getting more synchronized across borders. This study examines the driving factors behind global food price hikes and their rates of change. Our analysis reveals that a complex mix of causes has led to the soaring food prices in 2021-2022. The spread of COVID-19 produced disruptions in the world’s supply chains, pushing the cost of producing and transporting food upward. The increase in fertilizer and energy prices has further exacerbated production costs for agricultural products. Adverse climatic phenomena (La Niña), generating droughts in parts of Africa, Asia, and the Americas, caused damage to harvests and fueled inflation. The war in Ukraine and the trade blockade of grain exports made things worse. Additional culprits were speculative activities in financial markets that were already underway before the Russia-Ukraine war. Soaring inflation is increasing inequality and making vulnerable countries hungrier and poorer. At the same time, since global factors contribute to food price movements, implying that a crucial component of price inflation is exogenous to individual countries, the effectiveness of national monetary and fiscal policies could be limited. Instead, enhanced cooperation among nations with coordinated policy responses could be important to avoid the exacerbation of prices.
Aujourd’hui et demain, il y aura deux matchs retards de la 8e journée de Ligue 1 au menu. La JS Kabylie, qui reçoit l’USM Khenchela, […]
L’article JSK – USMK et MCA – PAC : A quelle heure et sur quelles chaines voir les matchs ? est apparu en premier sur .