The recent spike in global agricultural prices is likely to feed through to a pick-up in food inflation in most African economies in early 2013. But the shock to food inflation should be much smaller than in 2011 and is unlikely to prevent further rate cuts in Uganda, Kenya and perhaps South Africa by the end of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services