Goldman Sachs: Expect Food Inflation to Soar

Goldman Sachs: Expect Food Inflation to Soar
http://www.darkgovernment.com/news/goldman-sachs-expect-food-inflation-to-soar/

Food Inflation To Surge, Goldman Warns

We have been very active in our discussions of the impact of the pending rise
in food prices around the world (from central bank
largesse to weather-related chaos). As Goldman notes, food inflation has been
one of the most significant sources of headline inflation variation in emerging
markets (EM) over the past few years. Since June, international prices for
agricultural commodities have risen almost 30%, increasing the risk of fresh,
food-related increases to EM headline inflation. We, like Goldman, expect EM
headline inflation to start to reflect the relevant pressures more broadly in
the October prints at the latest. While the effects, for now, are expected to be
less extreme than the 2010-2011 episode, the timing as the US enters its
fiscal-cliff-prone malaise, could mean a further round of easing will reignite
this critical inflationary concern.