Global food prices surge to multi-year highs with more inflation yet to come – UN

After seven months

After seven months of consecutive growth, food prices finally reached a three-year peak for the whole pandemic year, according to the UN food security agency, the Food and Agriculture Organization (FAO).

The UN’s benchmark index, which tracks changes in international prices of a basket of food commodities, rose over two percent in December to 107.5 points. The increase was led by the rising prices of vegetable oil, which saw the biggest advance in eight years, and dairy products, followed by that of meat and cereals.

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