Demeter Friday the thirteenth. According to this morning’s headlines, the US annual inflation rate is only 6.5%. The “core” inflation rate (excluding the volatile food and energy sectors) is 5.7%. Meanwhile, in the real world, the price of organic apple juice at the local Walmart was $2.29 for a half gallon until a couple of …
Food prices rose to a 10-year high last month, hitting peak since July 2011 and extending the 30% increase recorded last year, according to a Food and Agriculture Organization (FAO) report. The surge was led by increases in cereal crops like wheat and vegetable oils. The FAO Food Price Index, which tracks the international prices of food commodities, is up 3.9 per cent from September, rising for a third consecutive[Read More...]
Global food prices have risen 33 percent in the last 12 months, according to the United Nations’ Food and Agriculture Organisation (FAO). Basic staples such as vegetable oil, grains and meat have shown some of the highest increases. Coming on top of the economic catastrophe visited on billions by the pandemic, these pressures will fuel inflation making it difficult for[Read More...]
World food prices rose in January for the eighth consecutive month, led by cereals, vegetable oils and sugar, reports the Food and Agriculture Organization (FAO) of the United Nations. A FAO report said that its food price index marked a 4.3 percent increase from December, reaching its highest level since July 2014. FAO’s Food Price Index, which tracks monthly changes[Read More...]
