Developments in Global Food Prices

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Vanessa Rayner ; Emily Laing ; Jamie Hall (2011)
  • Subject: food prices; food demand; food supply; biofuels; crop yields; food price inflation
    mesheuropmc: health care economics and organizations

Global food prices have increased significantly since the early 2000s, reversing the long-run trend decline in relative food prices over previous decades. A range of supply disruptions in key food-producing countries have contributed to higher food prices, along with strong demand from developing countries as per capita incomes rise and consumption patterns change. Rising commodity prices are leading to higher headline consumer price inflation in many countries though, at this stage, core measures of inflation remain relatively contained.
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