UP ALMOST 32%
The latest rise in food prices means that, over the past year, they’re up a worrying 31,9% yearon-year (in US dollar terms). That’s still well below the rate of increase in 2008, when global food prices rose by 69%, leading to food riots in various parts of the world. However, as recently as June last year global prices were in annual deflation.
World Food Price Index (monthly data)