Finance
January 1, Food Costs Have Drastically Increased
If it feels like food prices have spiked, it’s because they have.
The UN Food and Agriculture Organization’s (FAO) Food Price Index, which tracks month-to-month changes in international food prices, averaged 159.3 points in March — up 12.6% from February.
The organization’s data in February showed that the index reached its highest level since its inception.
According to the FAO, Russia’s invasion of Ukraine is a major contributor to the massive 17.1% spike in the price of grains.
The price index for vegetable oils jumped 23.2%. The FAO noted that the increase was “driven by higher quotations for sunflower seed oil, of which Ukraine is the world’s leading exporter.”
Source:
Russian invasion of Ukraine fuels record food prices
-
Entertainment4 months ago
‘He’s A Pr*ck And F*cking Hates Republicans’: Megyn Kelly Goes Off on Don Lemon
-
Entertainment9 months ago
Whoopi Goldberg’s “Wildly Inappropriate” Commentary Forces “The View” into Unscheduled Commercial Break
-
Entertainment8 months ago
Late Night Host is Getting Canceled After Staffers Speak Out
-
Entertainment3 months ago
Beach Boys Founder Brian Wilson Announces Tragic News
-
Featured8 months ago
US Advises Citizens to Leave This Country ASAP
-
Entertainment2 months ago
Comedy Mourns Legend Richard Lewis: A Heartfelt Farewell
-
Featured7 months ago
Benghazi Hero: Hillary Clinton is “One of the Most Disgusting Humans on Earth”
-
Latest News2 months ago
Supreme Court Gift: Trump’s Trial Delayed, Election Interference Allegations Linger