Inflation Comes to Global Food Prices

Inflation is the prevailing economic trend of late, fueled by a surge in post-lockdown demand and disruptions in the global supply chain. Food prices are no exception; in fact, the latest reading from the United Nation’s Food and Agriculture Organization (FAO) food price index hit the eye-watering level of 130 in September (the 100 baseline is a weighted price index based on a basket of 2014-2016 averages). This represents a 1.2% month-on-month increase and a 32.8% increase from the year before.


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