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>> absolutely not. >> how do you stave off quite fast rising prices particularly for food in the gulf states and also the broader middle east? when does it become a challenge that you're behind the curve? >> no, we're not behind the curve. the inflation, we have about 5.4% now, dominated by food and housing rental. food as you well know is a very global problem now. we have very significantly rising demand for food and emerging economies like india and china with huge populations while the supply response hasn't been as great, particularly because of the climatic changes and the harvest proble...

Compensate for that. and this is what is being done for this. but what i want to emphasize, it is not really a monetary phenomenon in our case at least. >> it's quite acute in north africa and this is one factor behind the protests that we have seen over the last two weeks, in some cases double-digit food inflation. that is a danger in the neighborhood, is it snot. >> food supply chain and the logistics of getting food from the farms to the consumers is a major challenge, especially in heavily populated countries like india, if you will. and therefore, i think the world would be well advised t...