On top of rising energy prices a severe drought bad, Business Economics

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On top of rising energy prices a severe drought bad

High Food and Energy Prices Here to Stay

On top of rising energy prices, a severe drought, bad harvests, and a poor monsoon season in Asia have sent grain prices soaring. Glbally, this is the third major food price stock in five yeares. Source:The Telegraph, August 29, 2012

Explain what type of inflation the news clip is describing and provide a graphical analysis of it.

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Business Economics: On top of rising energy prices a severe drought bad

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