Food Prices Decline for Eighth Month Easing Inflation Pressures
- Wheat, corn trading lower since Ukraine grain deal renewal
- UN’s index of global food costs falls for a eighth month
Rising food prices have contributed to inflation that’s fueling a cost-of-living crisis.
Photographer: Luis Antonio Rojas/BloombergThis article is for subscribers only.
Global food prices fell for an eighth month in November, in a sign that inflationary pressures may be easing.
A United Nations gauge of food prices declined 0.1% last month to the lowest since January. The renewal of Ukraine’s grain-export deal sent wheat and corn prices tumbling, while the threat of a global recession is curbing food demand.