The End of Food Price Inflation Looks to Be in Sight

Is there an end in sight to these stubbornly high food prices? Touch wood, but many economists and analysts are expecting things to cool down soon.

The UN’s food price index is down about 20% from a record set a year ago and further declines are expected. Analysts at Bloomberg Intelligence expect the UN gauge — a measure of internationally traded commodities— to slide further as La Nina weather pattern shifts to deflationary El Nino in the second half of the year.