## Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update

_Policy Papers, September 19, 2008_

## Source details

**Canonical URL:** [Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-an-update-pp4280)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-an-update-pp4280/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-an-update-pp4280/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-an-update-pp4280/bundle-manifest.json)

## Bibliographic details
- Published: September 19, 2008
- Series: Policy Papers

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### Scope and Purpose
- Updates the macroeconomic assessment of the impact of global food and fuel price increases provided in the IMF June 2008 Board paper: Food and Fuel Prices—Recent Developments, Macroeconomic Impact, and Policy Response.
- Publication date: September 19, 2008.
- Citation capture: Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update, (USA: International Monetary Fund, 0) accessed 9/18/2026.

### Recent Developments in Prices
- Food and oil prices peaked in early summer.
- Oil prices surged to levels envisaged under the most adverse scenario presented in the June paper.

### Macroeconomic Impact
- Effects of higher prices intensified on:
  - Balance of payments.
  - Budgets.
  - Domestic prices.
- A large group of low- and middle-income countries is experiencing:
  - A substantial weakening of their balance of payments.
  - Higher inflation.

### Policy Implications and Recommendations
- Findings reinforce the importance of adopting appropriate policies to:
  - Maintain macroeconomic stability.
  - Protect the poor.

*Source: Food and Fuel Prices-Recent Developments, Macroeconomic Impact, and Policy Responses—An Update (September 19, 2008).*

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## Content in this bundle

- **_091908 - Executive Summary**
  - [_091908 - Executive Summary (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2008/_091908.pdf.md){rel="alternate" type="text/markdown"}
  - [_091908 - Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2008/_091908.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/food-and-fuel-prices-recent-developments-macroeconomic-impact-and-policy-responses-an-update-pp4280_