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Food in the world more expensive for the third month in a row

» Updated: July 16 2024

» Published: June 07 2024

Food in the world more expensive for the third month in a row
Photo: Johan Nilsson/TT

The global prices of food commodities continued to rise in May, which was the third month in a row, according to the Food and Agriculture Organization of the United Nations (FAO).

In May, the increase was 0.9 percent compared to April. The main driver of the price increase was grains, up 6.3 percent, while sugar and vegetable oils went in the opposite direction.

However, compared to May last year, it is still about total price declines on a year-over-year basis, minus 3.4 percent.

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By TTThis article has been altered and translated by Sweden Herald
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