Global food prices have hit the highest level in over a decade after rising by more than 30% in the last year, according to the United Nations Food and Agriculture Organization (FAO).
The agency’s figures highlighted the soaring cost of cereals and vegetable oils around the world.
Read the full article on the BBC website
NAM Implications:
- Any residual doubts that inflation will hit 5% – 10% by category…
- …minimum.
- ‘…global food prices having risen by more than 30% in the last year.
- All down to global lockdowns and their unintended consequences…
- Why not try a 20% what-it in your categories…
- …and see how it feels?
