Rogers expects to see rising inflationary pressure when prices of agricultural commodities start climbing. In fact, he has noticed that inflationary pressure has been mounting but the meltdown of crude oil prices have, to a large extent, helped cushion the impact so far.
“We are already seeing inflation in many places and many products, [but] most governments lie about it. They have a reason to lie about it. Prices are going up and it is going to get worse. In the past three or four years, inflation has been covered up by the [fall in] crude oil prices, which have come down so much. It is the single most important thing in the cost of living.
“When agricultural [commodity] prices [start] going higher and oil is also going higher… yes, we are going to suffer [from high inflation],” Rogers commented.
- Source, The Edge Markets
