From Wheat to Vegetable Oils, Food Prices Climb 3% Near Record High - Bloomberg

Global food costs jumped last month, extending a march toward a record and piling more inflationary pressure on consumers and governments.

A United Nations index tracking staples from wheat to vegetable oils climbed 3% to a fresh decade high in October, threatening even higher grocery bills for households that have already been strained by the pandemic. That could also add to central banks’ inflation worries and risks worsening global hunger that’s at a multiyear high.

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