Food prices

Global food prices fell in December for the ninth month in a row, but nevertheless rose 14 percent in 2022 compared to the previous year to record levels, the World Food Organization (FAO) reported to the United Nations, cited by "Reuters".

In the UK, food inflation hit a record high of 13.3% in December.

Food prices hit a record high in December ahead of Christmas, new data shows.

Food inflation jumped from 12.4% in November to 13.3% in December at a time when families typically stock up on food for the Christmas and New Year holidays.

Greeks travel every week to Bulgaria and North Macedonia for cheap food, according to a media survey of residents of northern Greece.

Dairy products from Bulgaria are most in demand, because the prices of these goods have risen on the Greek market by 40%, say the Greeks, who are again waiting at the Bulgarian border.

World food prices have fallen for a fifth consecutive month, partly thanks to the resumption of exports from Ukraine's Black Sea ports, a UN agency said on Sept. 2.

The survey finds that 58 and 59 percent of EU citizens aren’t ready to accept rising energy and food prices

The annual inflation for May this year compared to May last year was 15.6%, according to national statistics.

The consumer price index in May compared to the previous month - April, was 101.2%, i.e. the monthly inflation was 1.2%. Inflation since the beginning of the year - May 2022 compared to December 2021, is 9.1%.

Two U.N. food agencies have issued stark warnings about multiple, looming food crises on the planet, driven by climate "shocks" like drought and worsened by the impacts of the COVID-19 pandemic and the war in Ukraine that have sent fuel and food prices soaring.

The embargo against Russia is considered one of the factors behind high food prices

World food prices fell slightly last month after hitting a record in March but remain high due to the Ukraine war, the UN's Food and Agriculture Organization said on May 6.

International sanctions against Russia as well as export flow disruptions resulting from the February 24 invasion have sparked fears of a global hunger crisis.

The World Bank predicts the strongest price crisis in 2022 since the 1970s due to jumps in the price of energy, metals and food. This is stated in the new Commodity Market Outlook.

Experts from the World Bank predict a 50% increase in energy prices in 2022, and other goods - by 20%.