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Reconsidering the role of food prices in South African headline inflation created by L. Rangasamy & E. Nel

By: Contributor(s): Material type: TextTextSeries: Agricultural Economics Research, Policy and Practice in Southern Africa ; Volume 53, number 4Johannesburg: Taylor and Francis 2014Content type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISSN:
  • 03031853
Subject(s): LOC classification:
  • HD1401 AGR
Online resources: Abstract: The conventional wisdom is that food price shocks are temporary and hence do not usually warrant specific attention in policy formulation. However, more recently, empirical evidence has shown that food price shocks are persistent and have a strong bearing on inflation outcomes. This paper shows that this is indeed the case for South Africa. South African food prices are volatile and the price shocks are persistent. Food inflation is an important determinant of underlying inflationary pressures in the South African economy. Thus, policy should give particular attention to food price movements if inflation is to be kept in check.
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Item type Current library Call number Vol info Copy number Status Notes Date due Barcode
Journal Article Journal Article Main Library - Special Collections HD1401 AGR (Browse shelf(Opens below)) Vol. 53, no. 4 (pages 16-37) SP22760 Not for loan For in house use

The conventional wisdom is that food price shocks are temporary and hence do not usually warrant specific attention in policy formulation. However, more recently, empirical evidence has shown that food price shocks are persistent and have a strong bearing on inflation outcomes. This paper shows that this is indeed the case for South Africa. South African food prices are volatile and the price shocks are persistent. Food inflation is an important determinant of underlying inflationary pressures in the South African economy. Thus, policy should give particular attention to food price movements if inflation is to be kept in check.

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