Global food prices surge again, stoking inflation fears
Concerns are growing over surging food prices, which climbed for the 12th month straight in May, according to a United Nations gauge.
Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis.
A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus.