12/05/2024

Food Prices Reach Their Highest Levels in More Than a Year

These items will get even more expensive

Global food prices recently rose to an 18-month high, with some food baskets expected to continue climbing, according to market watchers.

In October, world food commodity prices were at their highest since April 2023, according to the most recent data compiled by the United Nations’ Food and Agriculture Organization.

The FAO Food Price Index, which monitors the prices of five food baskets: grains, meat, dairy, vegetable oils and sugar, rose by 2 percent in October, driven primarily by a surge in vegetable oil prices.

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