Are global food prices a concern in the Gulf?

Global agricultural prices have risen by around 17% in July, raising fresh fears that food inflation will increase in the oil-rich Gulf. But given subdued core price pressures in most of these countries and the strength of the US dollar, overall inflationary pressures should remain weak, Capital Economics says.   Egypt may not escape that lightly.

Full research note here: Middle East Economics Update – GCC Inflation (Jul 12) (1)

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