Inflation & Prices
Food Price Shock in Some Countries Much Worse Than 2007-08: Gro
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Food prices are significantly higher than they were in 2007-08 in many parts of the world because local currencies have fallen sharply against the dollar, said Sara Menker, founder and CEO of data analytics company Gro Intelligence.
“What worries me the most is the narrative that food prices have come off ... because we are all following futures markets which are dollar-denominated as a gauge for where food prices are,” she said in a Bloomberg Television interview.