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Category Archives: Food price inflation
Global economies facing different challenges according to World Bank
The World Bank has just published its June 2011 edition of Global Economic Prospects. In this it projects that as developing countries reach full capacity, growth will slow from 7.3 percent in 2010 to around 6.3 percent each year from 2011-2013. High-income countries will see growth slow from 2.7 percent in 2010 to 2.2 percent in 2011 before picking up … Continue reading
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World food prices reach new high
World food prices rose 3.4% between December and January to reach their highest levels since such measurements started in 1990. The Food and Agriculture Organisation (FAO) of the United Nations developed a Food Price Index twenty years ago, which is a basket of commodities that can track changes in global food prices. The Index averaged 231 points in January, which … Continue reading
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Solid growth for world recovery, but not without its dangers
The world economy is moving from a post-crisis bounce-back to a period of slower growth over this year and next. This is according to the latest Global Economic Prospects 2011 published by the World Bank. The report estimates that global GDP grew by 3.9% in 2010, but will slow to 3.3% this year, before recovering to 3.6% in 2012. Fastest … Continue reading
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Food price index at record high
The UN Food and Agriculture Organisation (FAO) has just released figures which show that their Food Price Index reached a record level in December, after rising for six consecutive months. The index measures a basket of food prices which is made up of meat, sugar, dairy, cereals and oilseeds. In December this index reached 214.7, compared to 206 in November … Continue reading
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