Is W the reason or just other basic human needs?
http://etfdailynews.com/blog/2011/02/27/food-inflation-is-alive-and-well-in-the-emerging-world-jjg-pot/
In Egypt, for example, inflation is trending well above 12% a year, largely due to food prices. As you recall, Egypt happens to be the world’s biggest wheat importer, and has had to pay ever-higher prices to feed its people.