We've reached peak global food inflation, says IFPRI expert (GZero)
We’ve reached peak global food inflation, says IFPRI expert (GZero)
GZero published an article published a summary of a seminar that quotes IFPRI. Global food prices have been going through the roof over the past few months — but there’s some good news on the horizon. Weather permitting, the prices of key commodities like wheat are now almost back to their levels before Russia invaded Ukraine, David Laborde, a senior fellow, said during a livestream discussion on the global food crisis. The other problem is high energy prices, which drive up transportation costs, but unless there’s a climate shock in a big producer Laborde believes “we have seen the worst of it.” Can be viewed on YouTube video.