Global Food Costs Mark One Year of Drops, at Odds With Inflation
- UN FAO’s global food index drops to the lowest since July 2021
- Food inflation a serious concern in many countries: AMIS
A shopper in the meat aisle at a grocery store in Toronto, Ontario, Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Global food costs fell for a 12th straight month to reach the lowest level since July 2021, though there is still little sign the rout is actually feeding through to grocery shelves.
A United Nations’ index of food-commodity prices eased 2.1% in March, capping the longest run of losses in data going back three decades. Last month’s decline was driven by grains, vegetable oils and dairy, which offset a rise in sugar and meat prices.