Difference between revisions of "Agflation"
Jump to navigation
Jump to search
DavidB4-bot (talk | contribs) (→References: clean up & uniformity) |
DavidB4-bot (talk | contribs) m (→top: HTTP --> HTTPS [#1], replaced: http://www.economist.com → https://www.economist.com) |
||
| Line 1: | Line 1: | ||
| − | 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> | + | 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>https://www.economist.com/finance/displaystory.cfm?story_id=9707029</ref> |
==References== | ==References== | ||
Revision as of 13:06, September 26, 2018
In economics, agflation is a term believed to have originated during the worldwide Food Crisis of 2008. The term is a portmanteau word formed by combining the words "agriculture" and "inflation," and describes a general rise in prices 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).[1]
References
