40 days ago • Posted by Martin Boujol
Food inflation might be our next threat
Food prices are soaring faster than inflation and incomes around the world. Cereals for example, have reached an annual inflation of 20%, the highest annual rise since the Arab Spring. And this is not all: according to Bloomberg, tofu prices in Indonesia are 30% higher than in December, Brazilian turtle beans trade at a price 54% higher than last year and Russians are paying 61% more for sugar than last year. Although developed markets do not fear this issue as much as EM, it could quickly become an issue for everyone if it remains uncontrolled.
Source: Zerohedge, Bloomberg