FOOD prices are going up globally, and the timing couldn’t be worse. Prices of staples such as wheat, sunflower seeds, soy beans and sugar have increased to a new six-year high in January this year.
In the United States, Consumer Price Index data for January 2021 found that the cost of food eaten at home rose 3.7% from a year ago – more than double the 1.4% year-over-year increase in the prices of all goods included in the country’s CPI, according to news reports.
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