Escalating Food Prices: The Threat to Poor Households and Policies to Safeguard a Recovery for All
UNICEF Working Paper
47 Pages Posted: 13 Feb 2011
Date Written: February 11, 2011
This working paper: (i) briefly reviews possible causes of the food price spike that began in mid-2010; (ii) examines recent local food price movements in 58 developing countries during 2010; (iii) discusses the adverse impacts of food price increases on households; (iv) presents a rapid desk review of international and domestic policy responses in 98 developing countries under a three-pillar policy framework - supporting consumption, boosting production and regulating/managing food markets; and (v) calls for urgent and coordinated policy actions by national governments and the international community.
Keywords: food price, commodity price, food inflation, food crisis, supply shock, exchange rate, export ban, commodity futures, hunger, malnutrition, poverty, inequality, import bills, subsidies, tariffs, food market regulation, crisis recovery, fiscal consolidation
JEL Classification: H, H12, I38, Q18
Suggested Citation: Suggested Citation