| ▲ | bryanlarsen 17 hours ago | ||||||||||||||||
Many people believe the root cause of the Arab Spring set of insurrections and wars was food inflation. And it's now a lot more expensive then what kicked off the Arab Spring. | |||||||||||||||||
| ▲ | ethbr1 10 hours ago | parent [-] | ||||||||||||||||
The difference with oil inflation is that it also directly boosts revenues in oil-producing Middle Eastern countries. Consequently, they can offset core staple inflation (and usually choose to) to decrease unrest. It's core inflation without high oil prices that torpedoes their fiscal options. | |||||||||||||||||
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