URBANA – When food prices spiked in 2008, the number of households that moved into poverty was overestimated by about 60 percent, according to a recent University of Illinois study. In middle-income countries such as Mexico that have more diversity in their diets, households are able to substitute other foods and cope with the change in prices.
"In 2008, there was a lot of quick-response research trying to measure the poverty effect across the world from the food price increase," said U of I agricultural economist Carl Nelson.