Global inflation impacts from rains in Iowa to China’s Sichuan earthquake
Jun 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Reports today say that Cedar Rapids in Iowa, is experiencing the worst flooding in the city’s history. Events such as six weeks of rain in the American Mid-West, the so-called "breadbasket" of America to China's Sichuan earthquake, can impact inflation across the globe. Besides natural disasters, political tensions influence oil price movements but like food, supply and demand fundamentals, are the main drivers of inflation.