Published on Fake Ben - The Secret Diary of Ben Bernanke (http://www.fakeben.com)
The Cost Of Inflation: Starvation
By FakeBen
Created 04/14/2008 - 01:22

April 12 (Bloomberg) -- Further gains in food prices would be ``terrible'' for the world's poor and throw hundreds of thousands of them into starvation, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

Governments throughout Asia, Africa and the Middle East are seeking to combat food inflation and avoid social unrest by curbing exports or lifting import duties on basic food staples such as rice. Global food prices surged 57 percent last month from a year earlier, according to the United Nations, and the World Bank warns civil disturbances may be triggered in 33 countries.

Read more:
http://www.bloomberg.com/apps/news?pid=20601116&sid=aIFgkr_Mr6wA&refer=a... [1]


Source URL: http://www.fakeben.com/node/214

Links:
[1] http://www.bloomberg.com/apps/news?pid=20601116&sid=aIFgkr_Mr6wA&refer=africa