Yes, the explanation for the explosion in food and oil prices - global demand exceeding the growth in global supplies - was apparent in the three or four years that preceded this crisis.

不错，对于食物和石油价格激增的解释——全球需求超过全球供给的增长——在这场危机之前的三四年间已清晰可见。

youdao

Higher prices for food and oil, as well as other "external shocks" - such as volatile capital flows from the uncertainties in the Middle East - are undermining economic confidence in Asia Pacific.

粮食和原油价格上涨，以及中东动荡局势导致热钱向亚洲涌入等外部因素正在削弱人们对于亚太地区经济复苏的信心。

youdao

High prices for oil, food and other products have raised inflation concerns worldwide.

原油，粮食和其它产品的高价已经加剧全球性的通货膨胀焦虑。

youdao

"It needs oil to make the fertilizer, oil for the farm, oil for the food processing, oil for the packaging and oil to transport it to the shops, " he added.

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In the meantime, the UN does allow Iraq to export oil to pay for imports of food and medicine (an arrangement known as oil-for-food), although it keeps control of the finances.

ECONOMIST: Unwise council | The

But it also renewed the oil-for-food deal, whereby Iraq sells oil to buy humanitarian goods, for six months instead of the two the Iraqis think it should take to complete the arms-control work.

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