A new pandemic has struck the world: Food inflation

By Richard Mahapatra Food prices are increasing at an unprecedented rate worldwide, triggered by 2 years of COVID-19 pandemic-induced disruption and now the Russia-Ukraine war The novel coronavirus disease (COVID-19) pandemic was pushed off global front pages last fortnight by food inflation. Food prices have leaped 75 per cent since mid-2020, the Food and Agriculture Organization (FAO) assessed. In India,…

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Zimbabwe month-on-month inflation wanes

In a developing that is pointing to weakening inflation in the country, latest official figures show that Zimbabwe’s month-on-month inflation rate for December 2019 stood at 16.55 percent shedding 0.91 percentage points on the November 2019 rate of 17.46 percent. According to the Zimbabwe National Statistical Agency (ZIMSTATS), this development “means that prices as measured…

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