Looking at 155 series of domestic cereal prices (maize, rice and wheat) from 52 countries in 2007-08, Sharma finds that domestic prices rose by more than the change in the world markets (over 100% transmission rate) in 48 of the 155 series, with transmission of between 50% and 100% in 50 cases, and transmission of less than 50% in 57 cases. The transmission rates were significantly lower during the second spike (2010-11). One might expect the least developed countries to be less integrated with world markets, suggesting lower rates of price transmission.