China’s prices surge past forecasts amid lockdowns, Ukraine war
2 years, 8 months ago

China’s prices surge past forecasts amid lockdowns, Ukraine war

Al Jazeera  

China’s inflation rose more than expected in March as COVID-19 lockdowns and the fallout of the war in Ukraine pushed up prices in the world’s second-largest economy. China’s producer price index, which measures factory inflation, increased 8.3 percent year on year, according to data from the National Bureau of Statistics released on Monday, amid rising energy prices and persistent supply chain disruptions. China’s consumer price index, which tracks the cost of everyday goods and services, also rose ahead of expectations, albeit by a modest 1.5 percent year on year, compared with 0.9 percent in February. I think this is extremely important for China and because of the stockpiling of food in China, that’s going to be very bad for the global trend because, probably, China will step up imports of food and that’s going to put additional pressure on global inflation.” The higher than expected inflation comes despite slowing economic activity as authorities continue to implement draconian measures to control the coronavirus, including a lockdown in Shanghai that has confined 26 million inhabitants to their homes. China’s central bank is widely expected to lower borrowing costs this year to support the economy, breaking with the worldwide trend towards higher interest rates amid rising inflation.

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History of this topic

China's CPI up 0.2% in November
2 weeks, 2 days ago

China's CPI up 0.2% in November

China Daily  

BEIJING -- China's consumer prices steadied in November due to stronger consumer confidence, official data showed on Monday. The consumer price index, a main gauge of inflation, was up 0.2 percent year-on-year in November, according to the National Bureau of Statistics. The core CPI, which excludes food and energy prices, rose 0.3 percent from a year ago in November, up …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

Xinhua/chinadaily.com.cn | Updated: 2024-11-09 09:38 BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. Falling energy prices dragged down …

31%: The surge in food prices irking voters in the UK election
5 months, 3 weeks ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

China's consumer prices rise in May
6 months, 1 week ago

China's consumer prices rise in May

China Daily  

By Ouyang Shijia | chinadaily.com.cn| Updated :2024-06-13 Shoppers pick fruit at a supermarket in Beijing, May 12, 2024. The country's consumer price index, a main gauge of inflation, rose by 0.3 percent year-on-year in May, flat with the rise in April, the National Bureau of Statistics said. Meanwhile, non-food prices posted a 0.8 percent rise compared with a year earlier …

【双语财讯】国家统计局：5月份居民消费价格同比上涨0.3%
6 months, 1 week ago

【双语财讯】国家统计局：5月份居民消费价格同比上涨0.3%

China Daily  

6月12日，据国家统计局发布的数据显示，2024年5月份，全国居民消费价格同比上涨0.3%。其中，食品价格下降2.0%，非食品价格上涨0.8%。全国工业生产者出厂价格指数同比下降1.4%，降幅相较上月有所收窄。 Shoppers pick fruit at a supermarket in Beijing, May 12, 2024. 6月12日发布的官方数据显示，5月份全国居民消费价格指数略有上涨，全国工业生产者出厂价格指数连续第二个月同比下降。 The country's consumer price index, a main gauge of inflation, rose by 0.3 percent year-on-year in May, flat with the rise in April, the National Bureau of Statistics said. 5月份鸡蛋、鲜果和食用油价格分别下降8.5%、6.7%和5.1%，降幅相比上月均有收窄。作为国人主要肉食，猪肉价格同比上涨4.6%，上月同比上涨1.4%。 Meanwhile, non-food prices posted a 0.8 percent rise compared with a year earlier in May after a …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 1 week ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

Prohibitive price gains: On the Consumer Food Price Index
11 months, 1 week ago

Prohibitive price gains: On the Consumer Food Price Index

The Hindu  

Inflation measured by the Consumer Price Index expectedly quickened to a four-month high in December, with the measure of gains in food prices accelerating at a relatively faster pace as inflation in cereals and pulses stayed stubbornly sticky. While headline retail inflation ticked up by 14 basis points from November’s level to 5.69%, price gains measured by the Consumer Food …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

CPI dips in Oct amid ample food supply
1 year, 1 month ago

CPI dips in Oct amid ample food supply

China Daily  

A woman buys pineapples in a supermarket in Xuwen county, South China's Guangdong province. Experts say recovery in demand not yet solid and more policy support is likely China's consumer prices registered negative growth for the second time this year in October, indicating that the recovery in demand is not yet solid and more macroeconomic policy support is likely, experts …

China’s inflation data show economy in doldrums despite a slight improvement in trade
1 year, 2 months ago

China’s inflation data show economy in doldrums despite a slight improvement in trade

Associated Press  

HONG KONG — China’s economy remains in the doldrums, data released Friday showed, with prices falling due to slack demand from consumers and businesses. Friday’s data showed food prices dropped 3.2% in September, with the price of pork sliding 22% from a year earlier, a steeper decrease than the 17.9% drop in August. “September’s inflation data remind us that despite …

China's consumer prices flat in September
1 year, 2 months ago

China's consumer prices flat in September

China Daily  

Shoppers buy fruit at a supermarket in Shijiazhuang, Hebei province. China's consumer price index, a main gauge of inflation, remained unchanged from a year earlier, down from a 0.1 percent year-on-year rise in August, according to data released by the National Bureau of Statistics. Within the CPI, food prices dipped 3.2 percent year-on-year in September, compared with a 1.7 percent …

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war
1 year, 2 months ago

Food prices are rising as countries limit exports. Blame climate change, El Nino and Russia’s war

Associated Press  

How do you cook a meal when a staple ingredient is unaffordable? At Nairobi’s major food market, Wakulima, the prices for onions from Tanzania were the highest in seven years, seller Timothy Kinyua said. Tanzania’s onion limits this year are part of the “contagion” of food restrictions from countries spooked by supply shortages and increased demand for their produce, said …

Govt.’s pre-emptive measures will cool food prices: Finance Ministry
1 year, 4 months ago

Govt.’s pre-emptive measures will cool food prices: Finance Ministry

The Hindu  

The Finance Ministry of Tuesday, August 22, 2023, said the inflation in food items is likely to be transitory as pre-emptive measures by the government and arrival of fresh crops will cool prices, even though global uncertainty and domestic disruptions may keep inflationary pressures elevated for the coming months. The consumer price index based retail inflation spiked to a 15-month …

Rising food prices may undo recent respite from inflation
1 year, 4 months ago

Rising food prices may undo recent respite from inflation

The Hindu  

India’s retail inflation may have spiked close to or over the 6% upper tolerance threshold of the Reserve Bank of India in July, owing to a broad-based uptick in food prices, and could remain sticky in coming months, economists reckon. Core inflation may ease State Bank of India group chief economic adviser Soumya Kanti Ghosh is not as sanguine and …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 4 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

China's consumer inflation rises marginally in May
1 year, 6 months ago

China's consumer inflation rises marginally in May

China Daily  

China's consumer inflation picked up marginally in May, while factory-gate price decline sped up due to weaker demand, official data showed on Friday. China's consumer price index, a main gauge of inflation, climbed 0.2 percent from a year earlier in May, up from the 0.1 percent gain in April, according to data from the National Bureau of Statistics. Notably, prices …

Inflation falls to lowest level in over a year - but food prices remain high
1 year, 7 months ago

Inflation falls to lowest level in over a year - but food prices remain high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to its lowest level in over …

UK inflation falls to lowest level in over a year but food prices keep decline in check
1 year, 7 months ago

UK inflation falls to lowest level in over a year but food prices keep decline in check

Associated Press  

LONDON — Inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine, though elevated food prices meant it didn’t fall as much as anticipated. “The rate of inflation fell notably as the large energy price rises seen last year were not repeated this April, but was offset partially by increases in …

WPI inflation falls to lowest in 34 months
1 year, 7 months ago

WPI inflation falls to lowest in 34 months

Hindustan Times  

In more evidence that price pressures are easing in the Indian economy, wholesale prices, as measured by the Wholesale Price Index, fell on an annual basis in April, the first time this is happening since July 2020. WPI inflation falls to lowest in 34 months If this happens, RBI’s April move to maintain the policy rate, then described by RBI …

Food prices fall on world markets but not on kitchen tables
1 year, 7 months ago

Food prices fall on world markets but not on kitchen tables

Associated Press  

A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save on cooking oil. In the United States, where food prices were up 8.5% last month from a year earlier, he says that “75% of the costs are coming after it leaves the farm. Glauber, now a senior …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

UK inflation accelerates to 40-year high as food prices rise
2 years, 2 months ago

UK inflation accelerates to 40-year high as food prices rise

Associated Press  

LONDON — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. “In today’s society, I find that completely unacceptable.” Hunt this week told the House of Commons that the government would …

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items
2 years, 2 months ago

Retail inflation rises to 5-month high of 7.41% in Sept on costlier food items

India Today  

Retail inflation rose to a five-month high of 7.41 per cent in September mainly due to costlier food items, reason enough for the Reserve Bank to continue with its rate hike cycles it has resorted to since May 2022. Official data released by National Statistical Office on Wednesday showed that the retail inflation based on Consumer Price Index was at …

UK food prices rise at fastest rate since global financial crash
2 years, 3 months ago

UK food prices rise at fastest rate since global financial crash

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The price of …

The global threat to our food security
2 years, 3 months ago

The global threat to our food security

Live Mint  

Recent data on inflation suggests a softening of the trend of rising inflation in retail prices. While overall domestic food inflation has moderated, both rice and wheat prices have been showing an upward trend. Unproven, unregulated, facial recognition tech creeping in Why we must welcome Coldplay's climate play Hero Electric in talks to raise $250 million How Nifty's dynamic with …

专家：中国下半年将保持稳健的货币政策
2 years, 4 months ago

专家：中国下半年将保持稳健的货币政策

China Daily  

受猪肉涨价等因素影响，7月份CPI同比涨幅创下了两年来的新高。专家指出，结合CPI温和上升与PPI连续回落两方面综合考虑，通胀对货币政策不构成较大压力，我国下半年仍将保持稳健宽松的货币政策。 A shopper picks vegetables at a supermarket in Lianyungang, Jiangsu province. 当前国内通胀升到了两年以来的最高水平，很大程度上是受到猪肉价格上涨的影响，但是通胀水平还是控制在7月的预期值以内。 China's consumer price index, a main gauge of inflation, rose 2.7 percent year-on-year in July, following a 2.5 percent rise in the previous month, the National Bureau of Statistics said on Wednesday. 牛津经济研究院首席经济学家胡东安认为，考虑到中国主粮短期内能自给自足，全球食品价格上涨对中国食品价格的溢出效应是有限的。 With limited pass-through of factory-gate inflation and energy prices on consumer prices and subdued …

专家：中国下半年将保持稳健的货币政策
2 years, 4 months ago

专家：中国下半年将保持稳健的货币政策

China Daily  

受猪肉涨价等因素影响，7月份CPI同比涨幅创下了两年来的新高。专家指出，结合CPI温和上升与PPI连续回落两方面综合考虑，通胀对货币政策不构成较大压力，我国下半年仍将保持稳健宽松的货币政策。 A shopper picks vegetables at a supermarket in Lianyungang, Jiangsu province. 当前国内通胀升到了两年以来的最高水平，很大程度上是受到猪肉价格上涨的影响，但是通胀水平还是控制在7月的预期值以内。 China's consumer price index, a main gauge of inflation, rose 2.7 percent year-on-year in July, following a 2.5 percent rise in the previous month, the National Bureau of Statistics said on Wednesday. 牛津经济研究院首席经济学家胡东安认为，考虑到中国主粮短期内能自给自足，全球食品价格上涨对中国食品价格的溢出效应是有限的。 With limited pass-through of factory-gate inflation and energy prices on consumer prices and subdued …

Rising pork prices push China consumer inflation to 2-year high
2 years, 4 months ago

Rising pork prices push China consumer inflation to 2-year high

Live Mint  

Due mostly to rising pork prices, China's consumer inflation increased in July to its highest level in two years, while sluggish consumer demand restrained overall price pressures. “Inflation will likely rise past 3% in the next two months, due to a low base and the lift from pork prices,” said Bruce Pang, head of research and chief economist at Jones …

Staying watchful: The Hindu Editorial on inflation risks
2 years, 5 months ago

Staying watchful: The Hindu Editorial on inflation risks

The Hindu  

The concerted efforts made by the Reserve Bank and the Union government to contain inflation appear to be having some impact, albeit marginal, in slowing the pace of price gains, the latest retail inflation data show. Price gains as measured by the Consumer Price Index eased almost imperceptibly to 7.01% in June, from May’s 7.04%, with food price inflation slowing …

Stable growth expected amid inflation
2 years, 5 months ago

Stable growth expected amid inflation

China Daily  

Workers transport materials at an assembly workshop of CRRC Zhuzhou Locomotive Co., Ltd. in Zhuzhou, Central China's Hunan province, July 5, 2022. Government has taken steps to keep overall prices within reasonable range China is likely to see a notable rebound in economic growth in the second half of the year as a package of stimulus policy measures takes effect, …

Curbing pork prices to bring more stability for nation's staple meat
2 years, 5 months ago

Curbing pork prices to bring more stability for nation's staple meat

China Daily  

Wholesale merchants at a meat market in Beijing. China's continued efforts to curb rising pork prices and crack down on market misconduct and irregularities will help stabilize the market and keep overall prices within a reasonable range this year, according to experts. Despite the recent price hikes, Liu said there is insufficient room for further hog price gains in the …

Global grain woes grow, but impact on China may be limited
2 years, 6 months ago

Global grain woes grow, but impact on China may be limited

China Daily  

A farmer harvests wheat in Nanyang city, China's Henan province, May 22, 2022. Since the beginning of the year, global grain prices have been at high levels, leading to a rise in the domestic grain CPI of 2.7 percent year-on-year, a record not seen since 2016. Since 2021, price transmission from the global corn and wheat markets to the domestic …

40-year-high US inflation self-inflicted
2 years, 7 months ago

40-year-high US inflation self-inflicted

China Daily  

A man shops at a supermarket in Foster City in California, the United States, April 12, 2022. Food prices climbed to an all-time high in March, up nearly 20 percent year-on-year, and remain high in what UN Secretary-General Antonio Guterres has called the "hurricane of hunger and a meltdown of the global food system", while crude oil price reached a …

40-year-high US inflation self-inflicted
2 years, 7 months ago

40-year-high US inflation self-inflicted

China Daily  

A man shops at a supermarket in Foster City in California, the United States, April 12, 2022. Food prices climbed to an all-time high in March, up nearly 20 percent year-on-year, and remain high in what UN Secretary-General Antonio Guterres has called the "hurricane of hunger and a meltdown of the global food system", while crude oil price reached a …

TV, Fridge Prices To Hike? Firms Face High Input Costs On Rising Inflation, Cut Items' Weight
2 years, 7 months ago

TV, Fridge Prices To Hike? Firms Face High Input Costs On Rising Inflation, Cut Items' Weight

News 18  

As the retail inflation in April has hit an eight-year high of 7.79 per cent on continued high food prices, rising input costs for companies are forcing them to go for price hikes of their products. The manufacturers of home appliances and consumer electronics, including TV, washing machines and refrigerators, are likely to raise the prices of their products by …

Producer prices surge 11.2% in March on higher energy costs
2 years, 8 months ago

Producer prices surge 11.2% in March on higher energy costs

Associated Press  

WASHINGTON — The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy. The wholesale inflation report came out a day after the Labor Department reported that consumer prices last month jumped 8.5% from a year earlier — fastest annual clip …

Price rise, inflation in India: From food items to edible oil rates, what to expect in coming months?
2 years, 8 months ago

Price rise, inflation in India: From food items to edible oil rates, what to expect in coming months?

India Today  

Price rises have hit common people across the country. Inflation in 'oils and fats' in March soared to 18.79 per cent as the geopolitical crisis due to the Russia-Ukraine war pushed edible oil prices higher. In vegetables, inflation quickened to 11.64 per cent in March, while in 'meat and fish' the rate of price rise stood at 9.63 per cent …

3月份CPI同比涨幅扩大 通胀水平整体可控
2 years, 8 months ago

3月份CPI同比涨幅扩大 通胀水平整体可控

China Daily  

国家统计局4月11日发布数据显示，3月份，全国居民消费价格指数（CPI）同比上涨1.5%，环比持平。分析指出，当前我国通胀水平整体可控。 图片来源：新华社 China's inflation remained generally stable in March despite sporadic domestic resurgences of COVID-19 and bulk commodity price hikes in the international market, official data showed on Monday. 官方数据显示，尽管受国内多点散发疫情和国际大宗商品价格上涨等因素影响，我国3月份物价形势仍整体保持稳定。 China's consumer price index, a main gauge of inflation, rose 1.5 percent year on year in March, the National Bureau of Statistics said Monday. 国家统计局11日发布的数据显示，3月份，CPI同比上涨1.5%，涨幅比上月扩大0.6个百分点。 A breakdown of the data …

Russia's attack on Ukraine may burn a hole in your pocket too, daily items' prices set to rise
2 years, 8 months ago

Russia's attack on Ukraine may burn a hole in your pocket too, daily items' prices set to rise

India Today  

Food prices are surging globally, including in India, as the war in Ukraine blocks crop supplies to push inflationary pressure on the consumer pocket. Taking cues from the global situation, the Reserve Bank of India today raised the inflation forecast for the current fiscal year by 120 basis points to 5.7 per cent. After easing to 4.3 per cent in …

Soaring food prices threaten emerging-market currencies
2 years, 9 months ago

Soaring food prices threaten emerging-market currencies

Al Jazeera  

While energy prices are an ongoing risk to inflation in countries around the world, several emerging-market countries face a different problem: The pace of food price inflation is rendering their currencies vulnerable. The UN’s February World Food Price Index, released on Friday, was essentially unchanged at 20.7% y/y vs 19.2% in January, perhaps surprisingly given the rampant rally in soft …

Ukraine-Russia crisis: Asian economies brace for inflation hit
2 years, 10 months ago

Ukraine-Russia crisis: Asian economies brace for inflation hit

Al Jazeera  

Conflict in Ukraine and sanctions against Russia are expected to drive energy prices higher across Asia. War in Ukraine and sanctions against Russia, the world’s second-largest natural gas exporter and third-largest producer of petroleum, are expected to drive energy prices in Asia even higher. But consumers who will face higher prices are very important in what is a very domestic …

Ahead of Lunar New Year, Thailand’s poor feel sting of inflation
2 years, 10 months ago

Ahead of Lunar New Year, Thailand’s poor feel sting of inflation

Al Jazeera  

Pork prices have soared 40 percent since the start of the year amid a perfect storm of swine flu and rising oil prices. “It doesn’t make any sense.” As the Lunar New Year festival looms – a time when families normally spend liberally and small businesses get their first bounce of the year – Thais are being battered by inflation. …

Out of the pickle
2 years, 11 months ago

Out of the pickle

China Daily  

LI MIN/CHINA DAILY Global food prices, especially cereal prices, increased significantly in 2021. During the 1970s oil price crisis, the prices of staple foods, especially rice, rose by more than 100 percent, causing a severe global food crisis. Although the food price spike closely followed oil prices, the drivers of the crisis can be considered a perfect storm of events, …

Today's top economy and business news: WPI inflation eases; Sensex at a new high; IEA on energy crisis and more
3 years, 2 months ago

Today's top economy and business news: WPI inflation eases; Sensex at a new high; IEA on energy crisis and more

The Hindu  

Evening wrap: The worsening gobal energy crisis could boost oil demand by half a million barrels per day, the International Energy Agency. The country's producer price index rose 10.7% from a year earlier in September, the National Bureau of Statistics said on Thursday, the biggest rise since the bureau started compiling the data in 1996. 4:30 P.M. China's coal prices …

Food prices may ease next year as lockdowns are lifted
3 years, 5 months ago

Food prices may ease next year as lockdowns are lifted

Live Mint  

Consumers may get some respite from surging food prices in the coming years as demand growth slows and output rises, according to the Organisation for Economic Cooperation and Development and United Nations. But in the next couple of years, inflation-adjusted prices may ease before staying largely flat through 2030 as demand growth for grains and fish slows and farming supplies …

The price of goods leaving China’s factories is rising at its fastest pace in 13 years
3 years, 6 months ago

The price of goods leaving China’s factories is rising at its fastest pace in 13 years

CNN  

Hong Kong CNN Business — China is getting pummeled by rising costs that have pushed producer price inflation to its highest level in nearly 13 years. The country’s producer price index — which measures the cost of goods sold to businesses— soared9% in May from a year ago, according to government data released Wednesday. “As Beijing has rolled out a …

Global food prices surge to their highest level in a decade, UN report says
3 years, 6 months ago

Global food prices surge to their highest level in a decade, UN report says

CNN  

New York CNN — Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index. Veejay Villafranca/Bloomberg/Getty Images Higher usage of bio diesels and moderate global price increases for meat and dairy products also contributed to the steep rise in global food prices. The …

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