A) Inflation led by rises in the Black economy
B) Deflation led by declines in Agricultural commodity prices
C) Inflation led by rises in Agricultural commodity prices
D) None of the above
Correct Answer: C
Solution :
An increase in the price of food that occurs as a result of increased demand from human consumption and use as an alternative energy resource. While the competitive nature of retail supermarkets allows some of the effects of Agflation to be absorbed, the price increases that Agflation causes are largely passed on to the end consumer. The term is derived from a combination of the words "agriculture" and "inflation".
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