Inflation Warnings Sound as World Food Prices Rise at Fastest Pace in 10 Years

With the fastest world food price surges in a decade hitting the markets, the United Nations recently issued a warning that inflation has become a part of the equation. Data from the UN’s Food and Agriculture Organization (FAO)’s Food Price Index has shown some of the sharpest increases in the last 12 consecutive months — the highest levels since September 2011. Analysts cite several key factors including drought within western U.S. and Brazil areas, increasing costs for livestock producers, as well as soaring Chinese food demands. Get the full world food price surge breakdown.