The release of the 8 percent November inflation rate confirmed the suspicion that the current bout of inflation is related closely to food more than anything else.
A SURVEY released by OCTA Research in early December highlighted inflation as the people's top concern. The October 23 to 27 survey showed that 57 percent of the 1,200 respondents cited inflation as the top worry, followed by a lagging wage increase of 48 percent and access to affordable food at 46 percent.
Preliminary results of a study at the Water and Food Systems Lab at Massachusetts Institute of Technology indicated the risk of extreme weather of too much rain or too little rain in any one place around the world has increased, and even worse, the risk of synchronous flood or drought has increased. The climate is getting more variable worldwide, with the world getting 15-20 percent more floods and 15-20 percent more droughts for only a small increase in average precipitation.
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