Rising food prices in frontier markets are one of our biggest risk factors. The CPI basket in all the countries we follow is heavilly tiled towards food prices. This chart is interesting and shows import tarrifs, which is the natural political response to such price dynamics in poor countries.
Wednesday, 9 July 2008
Rising food prices in frontier markets
Rising food prices in frontier markets are one of our biggest risk factors. The CPI basket in all the countries we follow is heavilly tiled towards food prices. This chart is interesting and shows import tarrifs, which is the natural political response to such price dynamics in poor countries.
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