Economy & Business - December 2007 (ISSN 1741-7430)

The surge in international commodity prices has been most eye-catching in energy and metals but arguably, the most important change for Latin America is the rise in food prices. This will mean that inflation, in which food has a high weighting, will stay high for those Latin American countries who do not have appreciating currencies and balance of payment problems may loom for food importers.

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