Food Prices in Six Developing Countries and the Grains Price Spike
The paper analyzes the pass-through of world maize and rice prices in six developing countries (Benin, Kenya, Malawi, Nepal, Peru and Vietnam) both at the national and sub-national (regional) levels with the view of considering the relevance of world prices for national prices (high for maize, low for rice) and the representativeness of national average prices for prices throughout the country (high in Kenya and Malawi, low in Peru). The variability of prices across regions generally, but not invariably, increases when prices are high. Kenya and Vietnam have been relatively successful and Malawi least successful in insulating consumers from volatility in world prices.
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