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Food Price Inflation: Explanation and Policy Implications

A CGS Working Paper

Author: Karen H. Johnson

Food Price Inflation: Explanation and Policy Implications - food-price-inflation-explanation-and-policy-implications

Publisher Council on Foreign Relations Press

Release Date July 2008

28 pages


Increases in the prices for major food crops that are traded globally have reached extraordinary levels, sparking riots in some countries and becoming the focus of widespread debate and policy concern. At the June 2008 summit meeting of the UN’s Food and Agricultural Organization in Rome, officials from around the world engaged in discussions of who or what is to blame.

In this Center for Geoeconomic Studies Working Paper, Karen H. Johnson explains the causes and likely future course of food-price inflation, and analyzes the implications for central banks, trade negotiators, and agricultural policy.

More About This Publication

Karen H. Johnson is a consulting economist with interests in international finance and monetary policy. Her previous position was as director of the Division of International Finance at the Federal Reserve Board of Governors.

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