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In [[economics]], agflation is a term believed to have originated during the [[world]]wide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "[[agriculture]]" and "[[inflation]]," and describes a general rise in [[price]]s that is caused by rising [[production]] costs for agricultural goods. Agflation is a type of [[cost-push inflation]], or increase in the [[price level]] that is caused by an exogenous [[supply]] shock (sudden or dramatic reduction in the [[production]] capacity of producers or firms).<ref>http://www.economist.com/finance/displaystory.cfm?story_id=9707029</ref>

In [[economics]], '''agflation''' is a term believed to have originated during the [[world]]wide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "[[agriculture]]" and "[[inflation]]," and describes a general rise in [[price]]s that is caused by rising [[production]] costs for agricultural goods. Agflation is a type of [[cost-push inflation]], or increase in the [[price level]] that is caused by an exogenous [[supply]] shock (sudden or dramatic reduction in the [[production]] capacity of producers or firms).<ref>http://www.economist.com/finance/displaystory.cfm?story_id=9707029</ref>

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[[Category:Inflation]]

[[Category:Inflation]]

[[Category:Economics]]

[[Category:Economics]]