Rising food prices caused by increased demand for agricultural commodities: in 2007 agflation hit everything from cereal and baked products to meat, poultry, fish, and eggs
More example sentences
- Agflation can also cause headaches for central banks.
- If you're shocked by the cost of a pint at your local, or a loaf at the supermarket, over the next few weeks, blame agflation.
- Inflation might not be a near-term prospect right now, but agflation certainly might be.
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