Some analysts have even emphasized that, viewed from a very long-term perspective, challenges stemming from the volatility of food prices could be more acute than those related to their level.
3 The level as much as the volatility of food prices have significant repercussions for all economies, advanced or not, by affecting economic growth, inflation, public finances, the balance of payments, income distribution, poverty, and in some cases even political stability. However, the magnitude of the corresponding challenges has an inverse relationship with the level of development.