Global food prices surge to highest in almost a decade, UN says

Global food prices surge to highest in almost a decade, UN says

Published 03 Jun,2021 via Bloomberg Markets - Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis.

A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. Higher food costs can accelerate broader inflation, complicating central banks efforts to provide more stimulus.