Food inflation comes to the table around the world

Posted on Dec 8, 2019 2021 at 7:28Updated 8 Dec. 2021 at 17:24

The food bill continues to rise all over the planet. The United Nations Food and Agriculture Organization (FAO) staple food price index continues to climb. He is now a hair’s breadth away from his historic record in February 2011 (137.6 points). In November, the index, which represents the average basket of consumers, rose 1.2%. It now stands at 134.4 points, unheard of since June 2011. The FAO index reached comparable levels in 2007-2008, a period marked by major food riots in Africa.

“Food insecurity is on the rise in the world,” notes Sébastien Abis, director of the Déméter club and researcher at IRIS. “The drop in activity linked to the pandemic has resulted in significant losses of income for the populations. At the same time, food inflation has accelerated as supply chains have derailed. This double penalty strikes above all in emerging countries, where food can represent more than half of the household budget.

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