The annual inflation rate in Egypt jumped to 24.3 percent in December, the highest it has been in seven years and more than double the 2015 level. This was largely due to a government action last year that also particularly affected grain prices. Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS The annual inflation rate in Egypt jumped to 24.3 percent in December, the highest it has been in seven years and more than double the 2015 level. This was largely due to the devaluation of the Egyptian pound, which had a major impact on local prices. Grain was particularly affected as it mostly imported, and that price increased 54.1 percent. Meanwhile, the cost of food rose 29.3 percent in 2016.Also in Egypt, a recent study has concluded that...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.