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Global Food Prices Are Soaring

  • UN gauge of food costs advanced for an 11th month in April
  • Prices are at the highest since 2014, risking faster inflation
   

Source: Getty Images

Consumers are seeing little letup in surging food prices, as rallies in everything from grains to sugar keep pushing global costs higher.

A United Nations gauge of world food costs climbed for an 11th month in April, extending its rally to the highest in seven years. Prices are in their longest advance in more than a decade amid weather worries and China’s crop-buying spree that’s tightening supplies, threatening faster inflation.