Key Inflation Measures Are Falling at Their Fastest Pace in 40 Years

[nigelforbes]

6 minutes ago, candide said:

Another explanation for the similarity of food price changes in different countries, is simply that the markets and prices of agricultural commodities (wheat, sugar, orange juice, etc...) are global.

A difficult theory to prove since you'd need to eliminate fuel costs from each scenario. But yes, your point is taken.

[candide]

2 minutes ago, nigelforbes said:

A difficult theory to prove since you'd need to eliminate fuel costs from each scenario. But yes, your point is taken.

I am not arguing that fuel price does not influence food price, just recalling that the market has a significant global component. Whatever the cause (fuel price being an influential factor), prices changes will be similar in countries with an open economy.