“Around the world, food prices are persistently, painfully high,” writes the Associated Press News.
“The UN Food and Agriculture Organization’s food price index is lower than when Russian troops entered Ukraine. But somehow, the exorbitant food prices that people can’t help but pay are still rising.”
Joseph Glauber, a senior research fellow at the International Food Policy Research Institute, says in the United States, where food prices were up 8.5 percent last month from a year earlier, that “75 percent of the costs are incurred after it leaves the farm. It’s energy costs. It’s all processing costs. All transportation costs. All labor costs.”
Food inflation, says Glauber, “will come down, but it will come down slowly, largely because these other factors are still running pretty high.”
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Republished in MSN (Global), Les Actualites (France), Ngan Hang (Viet Nam), Aktualnosci (Poland), Daily Mail (UK), Ottawa Sun (Canada), The Daily Herald (USA), Tribune India, Bharat News (India), and multiple other international media outlets.
