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Food Prices Head Back Towards Record Highs

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http://www.guardian.co.uk/business/2011/jul/07/food-prices-head-back-to-record-levels

Hard-pressed consumers face higher grocery bills after new figures showed that food prices jumped by 1.3% in June to within a whisker of their record high.

The United Nations Food and Agriculture Organisation (FAO) food price index increased by 3 points to 234 points last month – a 39% increase on the year – as concerns about weak Brazilian sugar production sent sugar prices soaring by 14%, outweighing a decline in cereal costs.

As analysts at Goldman Sachs predicted that commodity prices would continue rising into next year, the average food price is now only 1.6% below February's record, when the FAO's basket of 55 food commodities reached 238 points.

More social unrest looming across the globe?

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yes more social unrest, and even more social unrest after QE3 in the UK and US :angry:

if there was rising inflation in everything but food, we'd all be fat- but we'd be happy! :P

I'd be even happier if I could see deflation in beer prices. Although careful enough not to get morose via drinking.

Should find the thread on here about brewing your own.

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  • 309 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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