World food prices hit their highest level in 10 years, UN says Business News

Global food prices jumped to their fastest monthly rate in more than a decade in May, according to the United Nations, amplifying fears of coronavirus-induced inflation accelerating.

The Food and Agriculture Organization of the United Nations (FAO) food price index, which tracks world prices for a range of foods, including grains, oilseeds, dairy products, meat and sugar, also increased for a twelfth consecutive month.

According to the FAO, food prices in May were 4.8% higher than in April – the largest monthly increase since October 2010 – and 39.7% higher than in May 2020.

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This notice was published: 2021-06-04 17:01:50

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