Food prices have soared most in Venezuela, Bolivia and Argentina

Tuesday, March 8th 2011 - 00:04 UTC

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Venezuela, Bolivia and Argentina are the three Latinamerican countries where food prices have climbed the most during the twelve months of 2010, according to official regional statistics. Read full article

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GeoffWard
So ......... if Argentina's real inflation rate is around 25% (sic), and food price increase is 13.1%, then food prices are NOT driving Argentinian inflation.

In Brasil, however, where inflation is a REAL 6%, a food price increase of 10.4% means that Brasilian food prices are driving UP inflation.

Brasil should be included in the group of South American food-basket-cases.
Mar 10th, 2011 - 11:08 am - Link - Report abuse 0
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