Worldwide food prices have reached the highest levels in a decade – and experts are warning that price spikes of up to 16 per cent in the US could worsen, partly because of soaring energy costs.
The United Nation's Food and Agriculture Organization (FAO)'s September food price index – a measure of monthly changes in global food prices – reached 130 points, a level not seen since 2011.
It represents a 32.8percent increase from September 2020.
Prices are also skyrocketing in the US, where beef prices have jumped 12.2 percent during the past year, and the cost of bacon increased 17 percent, according to the US labor department.
Meat, poultry, fish, and eggs sold at an eight percent premium this year, with prices up 15.7 percent since August 2019.
The cost of fresh fish and seafood jumped 10.7 percent, and eggs are setting shoppers back an extra 10 percent.
(...) Daily Mail