If food inflation recedes further, and the headline inflation rate starts to converge on the 3 core (non food) rate, the result will be the equivalent of passive monetary tightening in real (inflation adjusted) terms precisely what the inflation prone Chinese economy needs.

Heightened urban food insecurity, due to inflation and commodity shortages, has also been reported.

Annual inflation fell from 27.6 per cent at end 2002 to 17.2 per cent at end 2003, owing to the fall in food prices following a favourable food harvest.

Recent inflation in many countries has been the result of higher commodity prices, especially fuel and food prices. In these circumstances, domestic deflationary policies will only further slow growth and are helpless to stem imported inflation.

Currently, Russia s greatest economic concern is growing inflationary pressure, driven especially by food prices. Rising food prices are an international phenomenon, and Russia s inflation is driven by the large current account surpluses and capital inflows.

These were targeted at households enrolled in the food stamp scheme, whose benefits had diminished in real terms over the years owing to inflation.

Its relaxed attitude about inflation reflects its focus on the longer term past, with PCE inflation at just 1.5 for the 12 months to August of this year, the same as the core PCE inflation rate, which excludes food and energy. But PCE inflation has also been rising, with the most recent quarterly value at 2.3 year on year in the April June period.

The struggle to meet rising food and energy prices is hard enough. The weaker economy and higher unemployment that inflation targeting brings won t have much impact on inflation it will only make the task of surviving in these conditions more difficult.

21. Real wages declined sharply while the cost of food rose significantly in 1990 inflation reached 100.6 , its highest level in the last 40 years.

Inflation.

Chinese authorities are so worried by their country s 7 inflation they are copying India and imposing price controls on food. Even the United States had inflation at 4 last year, though the Federal Reserve is somehow convinced that most people won t notice.

Zimbabwe, for example, is facing a critical economic situation involving food shortages and a ballooning budget deficit, together with inflation, unemployment and the HIV AIDS pandemic.

Forget Inflation

Inflation adjustment

In November, annual inflation in the euro area fell to a cyclical low of 0.3 , largely owing to the sharp fall in oil prices since the end of the summer. But falling core inflation (which excludes volatile energy and food prices) also points to weak aggregate demand.

But claims that China is overheating don t seem to be based on observations of inflation. While China s consumer price index rose 5.3 in the year ending in July 2004, this was due primarily to a spike in food prices both before and since, inflation has been negligible.

Administrative measures in the agricultural sector, aimed at alleviating supply bottlenecks for pork, cooking oil, fresh vegetables, and fertilizer, have pushed food price inflation lower. This is the main reason why the headline consumer inflation rate receded from 6.5 in July 2011 to 4.2 in November.

Beyond Inflation Targets

The Inflation Puzzle

Rethinking Inflation Targeting

Inflation or Deflation?

Is Inflation Returning?

Russia s Eternal Inflation

With food prices rising sharply, the poor are being hit the hardest, fueling greater poverty, inequality, and resentment. But the same is true in China anti inflation protests are now roiling both countries, owing mainly to rising energy, food, and raw material prices, with food accounting for one third of household spending in China and around 45 in India.

Farewell to Inflation Targeting?

China s New Inflation Constraint

An Inflation Reality Check

Inflation Comes to China

Is Inflation the Answer?

When Inflation Doves Cry

Inflation is going down.

D. Inflation (decrease 11,687,000)

Food food!

And inflation has come down.

The Exaggerated Death of Inflation

The Inflation of Hugo Chávez

The Failure of Inflation Targeting

The Ghost of Inflation Future

It's a process of academic inflation.

Inflation is Now the Lesser Evil

Inflation Is Still the Lesser Evil

Interest rates and inflation were high.

(d) Inflation and other cost adjustments.

(a) Changes in inflation assumptions 1.6

(c) Inclusion of an inflation factor.