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Longest Surge in Food Prices Since ‘08 Hits Poorest Nations Most

  • UN gauge of global food costs climbs to fresh six-year high
  • Emerging markets particularly exposed to higher grocery bills
Food Markets as Pandemic Exposes Nigeria's Food Insecurity
Photographer: KC Nwakalor/Bloomberg

The surge in food prices that’s eating into consumer budgets and hitting some of the poorest nations shows few signs of abating.

A United Nations gauge of global costs rose for a ninth straight month in February, the longest run since 2008, when the world faced the first of two food crises within several years. Prices of everything from sugar to vegetable oils rose last month, sending the overall measure to a fresh six-year high.