Are International Food Price Spikes the Source of Egypt's High Inflation?

Abstract

The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations, or those of the Executive Directors of the World Bank or the governments they represent.

The Pass-Through of Global Food Price Inflation to Domestic Prices Inflation: Empirical Evidence from South Asia

“…Considering these transmission channels, several studies have empirically examined the relationship between global food prices and domestic inflation: Shawarby and Selim (2012), Jalil and Zea (2011), Van Duyne (1982), andEl-Sakka et al (2005). While a vast literature has examined the transmission effects of global food prices to domestic, no in-depth quantitative study investigated the pass-through effects of international food price inflation on domestic consumer price inflation for South Asia.…”