ROME, April 17 (IPS) – The headlines are wrong about food prices — but right to be afraid, very afraid. Walk into a supermarket in Chicago, Berlin, or Mumbai today, and you will not find the shelves stripped bare or the prices dramatically higher than last month. Despite weeks of alarming headlines about commodity markets, food inflation in most major economies has risen only marginally — a tenth or two-tenths of a percentage point between February and March of this year. In the United States, food inflation moved from roughly 2.9 percent to 3.1 percent. In Germany, from 0.8 to 0.9. In India, from 7.8 to 8.0.
Read the full story, “The Grocery Bill Is Calm – The AgriFood System Is Not”, on globalissues.org →
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