Falling food prices ease upward pressure on global inflation (The Australian) 

The Australian published an article about how falling prices for commodities such as wheat or corn are set to slow consumer food price increases, easing pressure on a major driver of global inflation. Division director Rob Vos (Markets, Trade, and Institutions) said, “We’ll see certainly in the short run adjustments in prices,” said Rob Vos, division director (Market, Trade, and Institutions). “I would be very cautious in making big projections that things are stabilizing and getting better because we still are in a pretty difficult and tight situation.” He added that food commodity prices were going down for the wrong reasons. Rather than signaling easing supply constraints, the price declines are a reflection of the dollar’s strength and an expected demand will decline as global growth cools.