ST Alpha - "food makes up a bigger proportion of the cpi on lots of countries. in the us it's 7.8%, but in most countries...." (Reading a Post)

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In response to "I would need to google this (mara? anyone?) but I read that people in that part of the world spend some crazy proportion of their income on food, " by loosilu

food makes up a bigger proportion of the cpi on lots of countries. in the us it's 7.8%, but in most countries....

Posted by x (aka dmuck) Feb 15 '11, 11:54

food is a much, much bigger portion of cpi. to the tune of 31.4% in china and 47.1% in india.

this is one good reason why the chinese central bank is hiking rates like wildfire. soaring food prices are a much bigger deal for inflation there as opposed to here.

chart (is.gd)

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You know, that chart all by itself kinda explains why we are so fat. -- nm - loosilu Feb 15, 11:56 1
- What a dumb generalization -- nm - con_carne Feb 15, 12:08
thanks, that's just what I was hoping for. -- nm - loosilu Feb 15, 11:55

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food makes up a bigger proportion of the cpi on lots of countries. in the us it's 7.8%, but in most countries....

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