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This week on MME

Story Highlights
Around the globe the cost of food is soaring with oil prices
MME looks at how people in Egypt are counting the cost of inflation
John Defterios sits down with Angel Gurria, Secretary General of the O.E.C.D.
Gurria about the global food crisis and how countries can approach the problem
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(CNN) -- In Focus -- Food inflation

Angel Gurria, secretary general of the OECD on the problem of high food costs

Around the globe, the cost of food is increasing. The record level of oil prices is helping to fuel a rise in the cost of food in the Middle East, and the increases are having a huge impact on the middle classes.

Spanning from Morocco to the Gulf, the region is feeling the effects. Prices for bread doubled in Yemen within the past 4 months, and in Egypt, the CPI for food and beverages have peaked above 17 percent for 2007. Aneesh Raman East investigates how people in Egypt are counting the cost of inflation in this week's Marketplace Middle East

Facetime with Angel Gurria

This week, Marketplace Middle East sits down with the Secretary General of the OECD, an organization that brings governments from around the world together to discuss and compare issues affecting their economies. Angel Gurria, who took the post of Secretary General in June 2006, talks to MME about the global problem of food price inflation and how countries should best approach this growing situation.