Global Food Inflation Drops to 5.3%, Near Pre-Ukraine War Levels

Sunday, 7 April 2024, 18:00

The latest OECD data reveals that food inflation across rich nations has decreased to 5.3% in February, reaching levels comparable to those before the Ukraine war. This significant drop in prices signals a positive trend for consumers and could impact global economic indicators in the coming months.
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Global Food Inflation Drops to 5.3%, Near Pre-Ukraine War Levels

Global Food Inflation Update

Annual change in prices across 38 industrialised countries eased to 5.3% in February, according to the recent OECD data. This significant drop indicates a positive trend for consumers, nearing levels similar to those before the Ukraine war.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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