“… 6 For previous studies looking at the effect of global oil prices on inflation using a large sample of countries see, for example: LeBlanc and LeBlanc and Chinn, 2004 , Chen, 2009 , De Gregorio et al, 2007 , Habermeier et al, 2009 , Caceres et al, 2012 , Gelos and Ustyugova, 2017 , Choi et al, 2018 . For previous studies examining the effect of global food prices on domestic inflation see, for example: Loungani and Swagel, 2001 , Guimaraes et al, 2010 , Juvenal and Fawley, 2011 , Furceri et al, 2016 …”