High food and energy prices here to stay

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High Food and Energy Prices Here to Stay

On top of rising energy prices, a severe drought, bad harvests, and a poor monsoon season in Asia have sent grain prices soaring. Glbally, this is the third major food price stock in five yeares. Source:The Telegraph, August 29, 2012

Explain what type of inflation the news clip is describing and provide a graphical analysis of it.

Reference no: EM131109568

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High food and energy prices here to stay : On top of rising energy prices, a severe drought, bad harvests, and a poor monsoon season in Asia have sent grain prices soaring. Glbally, this is the third major food price stock in five yeares. Source:The Telegraph, August 29, 2012

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