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Article: Agriculture Faces Cost-push Inflation.(Brief Article)
- Article from:
- Economic Review
- Article date:
- September 1, 1999
CopyrightCOPYRIGHT 1999 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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AGRICULTURE
What agriculture faces is cost-push inflation all the time. Because of devaluation the cost of all imported inputs, like pesticides, has gone up. So is the cost of tractor and other mechanical inputs. Fertilizer prices too keep going up. The sustained inflation at home increases the cost of local inputs. So the growers expect higher support prices each year. Since no one outside the government accepts the authenticity of the official inflation figures the increase in support prices cannot be to that extent only.
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