Food prices are on the rise worldwide, including essential staples like bread, milk and eggs. The United Nations’ Food Price Index tracks the monthly change in the price of a basket of food items. The five commodities making up this basket are cereals, vegetable oils, sugar, meats and dairy products.
In March 2022, the index recorded the highest price levels in its three-decade history. It has since come off that high slightly, but it is still well above levels seen in previous years.
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