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Food Prices Are Soaring Faster Than Inflation and Incomes

As the Covid-19 pandemic wreaks havoc on economic growth, concerns about hunger and malnutrition are rising around the world.

Bloomberg business news — Global Food Prices Are at a 6-Year High

By

Leslie Patton and

March 1, 2021, 12:00 AM UTC

Global food prices are going up, and the timing couldn’t be worse.

In Indonesia, tofu is 30% more expensive than it was in December. In Brazil, the price of local mainstay turtle beans is up 54% compared to last January. In Russia, consumers are paying 61% more for sugar than a year ago.